Hammerson (OTCMKTS:HMSNF) Shares Gap Up – Still a Buy?

Hammerson PLC (OTCMKTS:HMSNF) gapped up before the market opened on Wednesday. The stock had previously closed at $4.2260, but opened at $4.66. Hammerson shares last traded at $4.66, with a volume of 500 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on HMSNF shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Hammerson in a research note on Tuesday, September 1st. Citigroup restated a “buy” rating on shares of Hammerson in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hammerson in a research report on Wednesday, August 12th. Finally, Barclays reiterated an “overweight” rating on shares of Hammerson in a research note on Monday, August 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Hammerson Price Performance

The firm has a 50-day moving average of $4.65 and a 200-day moving average of $4.60.

Hammerson Company Profile

Hammerson plc is a United Kingdom-based real estate investment and development company focused on owning, developing and managing prime retail and mixed-use destinations. Its portfolio includes shopping centres, urban retail districts, outlets and other commercial properties designed to combine retail, leisure, dining, office and residential uses.

The company’s activities are concentrated primarily in the United Kingdom and Ireland, with a focus on major cities and high-quality retail locations.