Hammerson (LON:HMSO) PT Lowered to GBX 190 at Barclays

Hammerson (LON:HMSO) had its target price lowered by stock analysts at Barclays from GBX 205 ($2.70) to GBX 190 ($2.50) in a research note issued on Wednesday, Stock Target Advisor reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s price target points to a potential downside of 5.71% from the company’s current price.

Several other brokerages have also issued reports on HMSO. Peel Hunt reaffirmed a “buy” rating on shares of Hammerson in a research note on Friday, February 21st. Bank of America cut their target price on Hammerson from GBX 250 ($3.29) to GBX 240 ($3.16) and set an “underperform” rating for the company in a research note on Wednesday, January 15th. Deutsche Bank cut their target price on Hammerson from GBX 440 ($5.79) to GBX 300 ($3.95) and set a “buy” rating for the company in a research note on Friday, February 21st. Liberum Capital reaffirmed a “hold” rating on shares of Hammerson in a research note on Friday, February 21st. Finally, Numis Securities lowered Hammerson to a “reduce” rating in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 266.15 ($3.50).

Shares of LON HMSO opened at GBX 201.50 ($2.65) on Wednesday. Hammerson has a 12 month low of GBX 202.90 ($2.67) and a 12 month high of GBX 396.40 ($5.21). The company has a current ratio of 0.87, a quick ratio of 0.74 and a debt-to-equity ratio of 65.05. The firm has a market capitalization of $1.54 billion and a price-to-earnings ratio of -2.42. The business has a 50-day moving average of GBX 243.63 and a 200-day moving average of GBX 269.11.

Hammerson (LON:HMSO) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported GBX 28 ($0.37) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 27.70 ($0.36) by GBX 0.30 ($0.00). On average, analysts predict that Hammerson will post 3071.3405239 earnings per share for the current year.

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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Analyst Recommendations for Hammerson (LON:HMSO)

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