Today: The Hammerson plc (HMSO) Receives “Buy” Rating from Deutsche Bank AG

The Hammerson plc (HMSO) Receives “Buy” Rating from Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Hammerson plc (LON:HMSO) in a report published on Tuesday. Deutsche Bank AG currently has a GBX 665 ($8.68) price target on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on HMSO. BNP Paribas reissued a neutral rating and set a GBX 530 ($6.92) price objective on shares of Hammerson plc in a research note on Monday, June 27th. Numis Securities Ltd reduced their price objective on shares of Hammerson plc from GBX 600 ($7.83) to GBX 574 ($7.49) and set a hold rating on the stock in a research note on Tuesday, August 16th. JPMorgan Chase & Co. upped their price objective on shares of Hammerson plc from GBX 730 ($9.53) to GBX 750 ($9.79) and gave the company an overweight rating in a research note on Tuesday, September 6th. Liberum Capital downgraded shares of Hammerson plc to a hold rating and reduced their price objective for the company from GBX 704 ($9.19) to GBX 550 ($7.18) in a research note on Monday, July 4th. Finally, Credit Suisse Group AG reduced their price objective on shares of Hammerson plc from GBX 610 ($7.96) to GBX 495 ($6.46) and set an outperform rating on the stock in a research note on Tuesday, June 28th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Hammerson plc presently has an average rating of Buy and a consensus price target of GBX 626.56 ($8.18).

Hammerson plc (LON:HMSO) opened at 581.25 on Tuesday. The firm has a 50-day moving average of GBX 579.24 and a 200 day moving average of GBX 566.94. Hammerson plc has a 12 month low of GBX 400.00 and a 12 month high of GBX 650.50. The stock’s market cap is GBX 4.57 billion.

The company also recently disclosed a dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, August 25th will be given a GBX 10.10 ($0.13) dividend. The ex-dividend date is Thursday, August 25th. This represents a yield of 1.84%.

In other news, insider Drakesmith,Timon acquired 275 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost of GBX 545 ($7.11) per share, for a total transaction of £1,498.75 ($1,956.34). Also, insider Bouchut,Pierre acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average price of GBX 554 ($7.23) per share, for a total transaction of £110,800 ($144,628.64).

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