Hammerson (HMSO) Hits New 52-Week Low at $501.00

Hammerson plc (LON:HMSO) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 501 ($6.74) and last traded at GBX 501.50 ($6.75), with a volume of 17239314 shares trading hands. The stock had previously closed at GBX 501.50 ($6.75).

HMSO has been the subject of several research analyst reports. Deutsche Bank restated a “buy” rating and issued a GBX 650 ($8.75) price target on shares of Hammerson in a research report on Monday, September 11th. Goldman Sachs Group restated a “neutral” rating and issued a GBX 600 ($8.08) price target on shares of Hammerson in a research report on Wednesday, September 27th. Liberum Capital restated a “hold” rating and issued a GBX 610 ($8.21) price target on shares of Hammerson in a research report on Wednesday, November 22nd. Peel Hunt restated a “hold” rating and issued a GBX 550 ($7.40) price target on shares of Hammerson in a research report on Thursday, November 9th. Finally, Numis Securities restated a “reduce” rating and issued a GBX 518 ($6.97) price target on shares of Hammerson in a research report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 598.18 ($8.05).

In related news, insider Timon Drakesmith acquired 114 shares of the company’s stock in a transaction on Monday, October 9th. The shares were purchased at an average price of GBX 534 ($7.19) per share, for a total transaction of £608.76 ($819.33).

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Hammerson 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.

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