Shares of Hammerson plc (LON:HMSO) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 303 ($3.96).
HMSO has been the topic of a number of recent research reports. Liberum Capital reiterated a “hold” rating on shares of Hammerson in a research report on Wednesday, August 21st. Morgan Stanley reduced their price target on shares of Hammerson from GBX 280 ($3.66) to GBX 230 ($3.01) and set an “equal weight” rating on the stock in a research report on Monday, September 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Hammerson in a research report on Tuesday, July 23rd. Peel Hunt reiterated an “add” rating on shares of Hammerson in a research report on Tuesday. Finally, Royal Bank of Canada upgraded shares of Hammerson to an “outperform” rating and reduced their price target for the company from GBX 330 ($4.31) to GBX 290 ($3.79) in a research report on Monday, August 12th.
In other news, insider Adam Metz bought 44,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of GBX 208 ($2.72) per share, for a total transaction of £91,520 ($119,587.09).
Shares of LON HMSO opened at GBX 273 ($3.57) on Wednesday. Hammerson has a one year low of GBX 202.90 ($2.65) and a one year high of GBX 471.90 ($6.17). The company has a debt-to-equity ratio of 65.05, a current ratio of 0.87 and a quick ratio of 0.74. The firm’s 50 day simple moving average is GBX 231.27 and its two-hundred day simple moving average is GBX 292.11. The stock has a market capitalization of $2.09 billion and a P/E ratio of -3.28.
The company also recently announced a dividend, which will be paid on Monday, October 7th. Stockholders of record on Thursday, August 29th will be issued a GBX 11.10 ($0.15) dividend. This represents a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, August 29th. Hammerson’s dividend payout ratio is -0.31%.
Hammerson Company Profile
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.
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