Hammerson (LON:HMSO) Price Target Raised to GBX 40 at JPMorgan Chase & Co.

Hammerson (LON:HMSO) had its target price boosted by JPMorgan Chase & Co. from GBX 25 ($0.33) to GBX 40 ($0.52) in a research report sent to investors on Monday morning, Price Targets.com reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Separately, Liberum Capital restated a sell rating and issued a GBX 27 ($0.35) price target on shares of Hammerson in a report on Monday. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Hammerson currently has a consensus rating of Hold and an average target price of GBX 62.11 ($0.81).

HMSO opened at GBX 39.23 ($0.51) on Monday. The firm has a 50 day moving average price of GBX 33.56 and a 200 day moving average price of GBX 24.79. The company has a market cap of £1.59 billion and a PE ratio of -0.51. Hammerson has a 1 year low of GBX 14.05 ($0.18) and a 1 year high of GBX 70.85 ($0.93). The company has a debt-to-equity ratio of 74.61, a quick ratio of 1.57 and a current ratio of 1.71.

The firm also recently announced a dividend, which will be paid on Thursday, May 13th. Stockholders of record on Thursday, April 1st will be paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 6.13%. The ex-dividend date is Thursday, April 1st. Hammerson’s dividend payout ratio (DPR) is currently 0.00%.

About Hammerson

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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Analyst Recommendations for Hammerson (LON:HMSO)

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