Royal Bank of Canada Reaffirms “Sector Performer” Rating for Hammerson (LON:HMSO)

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Royal Bank of Canada reissued their sector performer rating on shares of Hammerson (LON:HMSO) in a report published on Monday, ThisIsMoney.Co.Uk reports. Royal Bank of Canada currently has a GBX 330 ($4.31) target price on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on HMSO. UBS Group reissued a neutral rating and issued a GBX 375 ($4.90) target price on shares of Hammerson in a research report on Monday, February 25th. Peel Hunt raised shares of Hammerson to an add rating and decreased their target price for the stock from GBX 400 ($5.23) to GBX 350 ($4.57) in a research report on Monday, June 17th. Liberum Capital reissued a hold rating and issued a GBX 300 ($3.92) target price (down from GBX 390 ($5.10)) on shares of Hammerson in a research report on Monday, May 20th. HSBC decreased their target price on shares of Hammerson from GBX 543 ($7.10) to GBX 400 ($5.23) and set a buy rating on the stock in a research report on Thursday, March 28th. Finally, Goldman Sachs Group decreased their target price on shares of Hammerson from GBX 345 ($4.51) to GBX 288 ($3.76) and set a neutral rating on the stock in a research report on Tuesday, June 4th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 381.50 ($4.98).

Shares of LON:HMSO opened at GBX 272.70 ($3.56) on Monday. The firm has a 50-day simple moving average of GBX 281.79. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 58.29. Hammerson has a 12 month low of GBX 262.20 ($3.43) and a 12 month high of GBX 550.60 ($7.19). The company has a market cap of $2.09 billion and a P/E ratio of -8.00.

In other Hammerson news, insider Timon Drakesmith sold 32,202 shares of Hammerson stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of GBX 316 ($4.13), for a total transaction of £101,758.32 ($132,965.27). Also, insider David Atkins purchased 17,000 shares of Hammerson stock in a transaction on Tuesday, May 14th. The shares were acquired at an average cost of GBX 295 ($3.85) per share, for a total transaction of £50,150 ($65,529.86). Over the last ninety days, insiders have acquired 46,461 shares of company stock worth $13,387,087.

About Hammerson

We are an owner, manager and developer of retail destinations in Europe. Our portfolio includes investments in 22 prime shopping centres in the UK, Ireland and France, 15 convenient retail parks in the UK and 20 premium outlets across Europe.

Featured Article: Cost of Goods Sold (COGS)

Analyst Recommendations for Hammerson (LON:HMSO)

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