Hammerson Plc (LON:HMSO) Stock Has Average Price Target of GBX 385.83 According to Analysts

Shares of Hammerson Plc (LON:HMSO) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 381.83.

Several brokerages have weighed in on HMSO. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hammerson from GBX 370 to GBX 395 and gave the company a “hold” rating in a report on Tuesday, August 11th. Berenberg Bank reduced their price objective on shares of Hammerson from GBX 448 to GBX 423 and set a “buy” rating for the company in a research note on Tuesday, September 15th. Citigroup raised their price objective on shares of Hammerson from GBX 385 to GBX 454 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 351 price objective on shares of Hammerson in a research report on Thursday.

Insider Transactions at Hammerson

In other Hammerson news, insider Rob Wilkinson bought 478 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of GBX 376 per share, with a total value of £1,797.28. Company insiders own 9.38% of the company’s stock.

Hammerson Price Performance

HMSO stock opened at GBX 342 on Tuesday. Hammerson has a twelve month low of GBX 285.80 and a twelve month high of GBX 391.80. The company has a quick ratio of 1.28, a current ratio of 1.00 and a debt-to-equity ratio of 86.37. The stock has a market cap of £1.99 billion, a P/E ratio of 8.49, a PEG ratio of 1.68 and a beta of 1.79. The business’s 50-day moving average price is GBX 354.87 and its 200-day moving average price is GBX 347.71.

Hammerson (LON:HMSO) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 12.10 earnings per share (EPS) for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. On average, equities research analysts forecast that Hammerson will post 20.75 EPS for the current year.

About Hammerson

Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods. Our assets are high profile and play an important role in our communities, welcoming c.