Hammerson (HMSNF) Upgraded to Buy at Zacks Investment Research

Hammerson (NASDAQ:HMSNF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $8.50 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 15.33% from the stock’s previous close.

According to Zacks, “Hammerson plc is a real estate investment trust. The company’s portfolio includes commercial buildings, offices and shopping centers. It operates primarily in United Kingdom, Germany and France. Hammerson plc is based in London, the United Kingdom. “

Hammerson (NASDAQ HMSNF) traded down 2.25% during mid-day trading on Tuesday, hitting $7.37. The company had a trading volume of 166 shares. The company has a 50-day moving average price of $7.47 and a 200 day moving average price of $7.31. The firm has a market capitalization of $5.84 billion and a P/E ratio of 10.28. Hammerson has a 12 month low of $6.48 and a 12 month high of $7.74.

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