Hammerson plc (HMSO) Earns “Buy” Rating from HSBC Holdings plc

HSBC Holdings plc reiterated their buy rating on shares of Hammerson plc (LON:HMSO) in a research report sent to investors on Wednesday morning. HSBC Holdings plc currently has a GBX 658 ($8.22) price target on the real estate investment trust’s stock.

Several other brokerages have also weighed in on HMSO. Liberum Capital raised their price objective on shares of Hammerson plc from GBX 550 ($6.87) to GBX 570 ($7.12) and gave the stock a hold rating in a report on Tuesday, November 1st. Peel Hunt reissued a hold rating and set a GBX 550 ($6.87) price target on shares of Hammerson plc in a research report on Monday, November 7th. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 750 ($9.37) price target on shares of Hammerson plc in a report on Monday, November 14th. BNP Paribas reaffirmed a neutral rating and set a GBX 600 ($7.50) price target on shares of Hammerson plc in a report on Wednesday, November 30th. Finally, Barclays PLC reaffirmed an equal weight rating and set a GBX 590 ($7.37) target price on shares of Hammerson plc in a research note on Friday, December 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 620.83 ($7.76).

Hammerson plc (LON:HMSO) opened at 567.50 on Wednesday. Hammerson plc has a 12-month low of GBX 400.00 and a 12-month high of GBX 604.50. The firm’s market cap is GBX 4.46 billion. The stock has a 50 day moving average price of GBX 559.03 and a 200-day moving average price of GBX 561.66.

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Hammerson plc Company Profile

Hammerson plc is a United Kingdom-based real estate investment trust (REIT). The Company is an owner, manager and developer of retail destinations in Europe. The Company’s segments are United Kingdom (UK) and France. The Company’s properties include shopping centers, convenient retail parks and premium outlet villages.

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