Hammerson (LON:HMSO) was upgraded by stock analysts at Peel Hunt to an “add” rating in a research report issued on Monday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 350 ($4.57) target price on the real estate investment trust’s stock, down from their previous target price of GBX 400 ($5.23). Peel Hunt’s target price indicates a potential upside of 23.89% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. HSBC cut their price objective on shares of Hammerson from GBX 543 ($7.10) to GBX 400 ($5.23) and set a “buy” rating on the stock in a research report on Thursday, March 28th. Deutsche Bank reissued a “buy” rating on shares of Hammerson in a research report on Tuesday, February 26th. Morgan Stanley lifted their price objective on shares of Hammerson from GBX 400 ($5.23) to GBX 420 ($5.49) and gave the company an “equal weight” rating in a research note on Thursday, March 14th. Liberum Capital restated a “hold” rating and set a GBX 390 ($5.10) price target on shares of Hammerson in a research report on Monday, February 25th. Finally, Goldman Sachs Group reduced their price target on shares of Hammerson from GBX 345 ($4.51) to GBX 288 ($3.76) and set a “neutral” rating for the company in a research report on Tuesday, June 4th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Hammerson presently has an average rating of “Hold” and an average price target of GBX 384.36 ($5.02).
Shares of Hammerson stock opened at GBX 282.50 ($3.69) on Monday. The company has a debt-to-equity ratio of 58.29, a current ratio of 0.71 and a quick ratio of 0.58. Hammerson has a 1-year low of GBX 262.20 ($3.43) and a 1-year high of GBX 550.60 ($7.19). The stock has a market cap of $2.16 billion and a price-to-earnings ratio of -8.28.
Hammerson Company Profile
We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.
See Also: Net Asset Value
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