J P Morgan Chase & Co Reaffirms “Overweight” Rating for Hammerson plc (HMSO)

J P Morgan Chase & Co reissued their overweight rating on shares of Hammerson plc (LON:HMSO) in a report issued on Friday morning. J P Morgan Chase & Co currently has a GBX 725 ($9.54) target price on the real estate investment trust’s stock.

A number of other research analysts have also issued reports on the company. Credit Suisse Group reiterated an outperform rating and issued a GBX 605 ($7.96) target price on shares of Hammerson plc in a report on Thursday, July 27th. Deutsche Bank AG restated a buy rating and issued a GBX 650 ($8.55) price target on shares of Hammerson plc in a research note on Monday, September 11th. Numis Securities Ltd restated a reduce rating and issued a GBX 511 ($6.72) price target on shares of Hammerson plc in a research note on Wednesday, July 26th. Liberum Capital reiterated a hold rating and set a GBX 600 ($7.89) target price on shares of Hammerson plc in a research report on Wednesday, July 26th. Finally, Peel Hunt reiterated a hold rating and set a GBX 550 ($7.23) target price on shares of Hammerson plc in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 599 ($7.88).

Hammerson plc (HMSO) opened at GBX 527 ($6.93) on Friday. Hammerson plc has a 52-week low of GBX 512 ($6.73) and a 52-week high of GBX 614.50 ($8.08).

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In other news, insider Timon Drakesmith acquired 114 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was bought at an average cost of GBX 534 ($7.02) per share, with a total value of £608.76 ($800.68).

Hammerson plc Company Profile

Hammerson plc is a real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments include United Kingdom, France and Ireland. The Company’s portfolio includes investments in approximately 20 prime shopping centers in the United Kingdom, France and Ireland, over 20 convenient retail parks in the United Kingdom and approximately 20 premium outlets across Europe.

Analyst Recommendations for Hammerson plc (LON:HMSO)

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