Hammerson plc (LON:HMSO) Given Consensus Recommendation of “Sell” by Brokerages

Shares of Hammerson plc (LON:HMSOGet Rating) have earned an average recommendation of “Sell” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 30 ($0.37).

Several equities analysts have weighed in on HMSO shares. Liberum Capital reiterated a “sell” rating and set a GBX 31 ($0.38) price objective on shares of Hammerson in a research report on Monday, February 28th. Barclays reiterated an “underweight” rating and set a GBX 33 ($0.41) price objective on shares of Hammerson in a research report on Friday, May 6th. Shore Capital reiterated a “coverage pending” rating on shares of Hammerson in a research report on Thursday, January 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 32 ($0.39) price objective on shares of Hammerson in a research report on Friday. Finally, JPMorgan Chase & Co. cut shares of Hammerson to an “underweight” rating and lowered their price target for the company from GBX 40 ($0.49) to GBX 29 ($0.36) in a report on Wednesday, April 13th.

LON HMSO traded up GBX 1.26 ($0.02) on Friday, hitting GBX 27.31 ($0.34). 7,127,845 shares of the stock were exchanged, compared to its average volume of 8,980,490. Hammerson has a 52-week low of GBX 25.05 ($0.31) and a 52-week high of GBX 44.60 ($0.55). The company has a debt-to-equity ratio of 70.46, a current ratio of 3.04 and a quick ratio of 2.17. The company has a market capitalization of £1.26 billion and a price-to-earnings ratio of -2.79. The company’s 50-day moving average price is GBX 30.87 and its two-hundred day moving average price is GBX 33.11.

The business also recently declared a dividend, which was paid on Tuesday, May 10th. Stockholders of record on Thursday, March 31st were issued a dividend of GBX 0.20 ($0.00) per share. This represents a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, March 31st.

In other Hammerson news, insider Habib Annous acquired 250,000 shares of the firm’s stock in a transaction that occurred on Monday, March 21st. The stock was purchased at an average cost of GBX 31 ($0.38) per share, for a total transaction of £77,500 ($95,549.25). Also, insider Mike Butterworth acquired 96,405 shares of the firm’s stock in a transaction that occurred on Wednesday, March 9th. The stock was acquired at an average price of GBX 31 ($0.38) per share, with a total value of £29,885.55 ($36,845.70).

Hammerson Company Profile (Get Rating)

At Hammerson, we create vibrant, continually evolving spaces, in and around major cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come. We own and operate high-quality flagship destinations and have investments in premium outlets in selected European countries and have a City Quarters strategy to evolve our portfolio beyond retail.

Further Reading

Analyst Recommendations for Hammerson (LON:HMSO)

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