Shares of Hammerson plc (LON:HMSO – Get Rating) have been assigned a consensus recommendation of "Reduce" from the eight brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 24.33 ($0.29).
Several equities research analysts have commented on HMSO shares. JPMorgan Chase & Co. dropped their price target on shares of Hammerson from GBX 29 ($0.35) to GBX 22 ($0.27) and set an "underweight" rating on the stock in a research report on Wednesday, August 3rd. Royal Bank of Canada cut Hammerson to an "underperform" rating and dropped their price target for the stock from GBX 32 ($0.39) to GBX 17 ($0.21) in a research note on Tuesday, July 12th. Finally, Barclays lifted their price target on Hammerson from GBX 22 ($0.27) to GBX 26 ($0.31) and gave the stock an "underweight" rating in a research note on Thursday, August 4th.
Get Hammerson alerts:Hammerson Price Performance
Shares of Hammerson stock opened at GBX 18.21 ($0.22) on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.28 and a debt-to-equity ratio of 66.94. The company's 50-day moving average price is GBX 22.36 and its two-hundred day moving average price is GBX 25.08. Hammerson has a 52 week low of GBX 17.04 ($0.21) and a 52 week high of GBX 40.22 ($0.49). The stock has a market cap of £838.60 million and a PE ratio of -1.86.
Hammerson Dividend Announcement
The company also recently declared a dividend, which will be paid on Thursday, November 3rd. Investors of record on Thursday, October 6th will be paid a GBX 0.20 ($0.00) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.88%. Hammerson's payout ratio is -0.04%.About Hammerson
(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.
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