Hammerson (LON:HMSO) Stock Upgrade
Trading for shares of Hammerson (LON:HMSO) will be watched closely today, as Goldman Sachs upgraded the stock to a solid rating of a Buy. In addition to their ratings upgrade, Goldman Sachs set a target price of GBX 770.00 which was 22.71% higher.
From a total of 18 analysts covering Hammerson (LON:HMSO) stock, 14 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is GBX 825 while the lowest target price is GBX 584. The mean of all analyst targets is GBX 728.67 with a 17.05% above today’s (GBX 618.41) stock price. Hammerson was the topic of 33 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on November 23 with “Underperform” rating. Canaccord Genuity maintained shares with “Buy” rating and GBX 766 target share price in a report from an October 21. JP Morgan maintained HMSO stock in a recent report from November 17 with “Overweight” rating. BNP Paribas maintained the rating on October 13. BNP Paribas has a “Outperform” rating and a GBX 750 price target on shares. Finally, Goldman Sachs maintained the stock with “Neutral” rating in a report issued on a November 3.
The stock increased 1.30% or GBX 7.91 on December 1, striking GBX 618.41. Approximately 2.95M shares of stock traded hands or 55.26% up from the average. Hammerson plc (LON:HMSO) has declined 8.20% since May 4, 2015 and is downtrending. It has underperformed by 6.57% the S&P500.
Hammerson plc is a United Kingdom-based real estate investment trust . The company has a market cap of 4.84 billion GBP. The Company, through its subsidiaries, is engaged in property investment and development, investment holding or management. It has 7.14 P/E ratio. The Firm is an owner, manager and developer of retail destinations in Europe with a portfolio of around ï¿½7.7 billion with investments in 22 prime shopping centers, 22 convenient retail parks and investments in 15 European outlet villages.