6) Hammerson (HMSO)

Will shares pull back towards Brexit lows of 465p (-21%) or move on up towards the highs of 690p (+19%)?
- Post Brexit uptrend of rising lows
- Share potential to break longer term downtrend thanks to large Brexit bounce
- Discounting one day Brexit low, potential bullish head and shoulders?
- Zero ‘sell’ ratings by brokers
Broker Consensus: 62% Buy, 38% Hold, 0% Sell
Bullish: J.P. Morgan, Overweight, Target 750p, +22% (29 Sept)
Average Target: 612.8p, +4% (29 Sept)
Bearish: Jeffries, Hold, Target 473p, -20% (26 Sept)
N.B. All pricing and consensus data was sourced from Bloomberg on 29 Sept. Recommendations and target prices are revised regularly due to heightened market volatility. Please contact us for a full, up to date rundown.
