Hammerson Plc (LON:HMSO) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Hammerson Plc (LON:HMSO) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 381.83.

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

Insider Buying and Selling

In other Hammerson news, insider Rob Wilkinson acquired 478 shares of the company’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. 9.38% of the stock is owned by insiders.

Hammerson Trading Down 0.6%

Shares of LON HMSO opened at GBX 357 on Friday. The stock’s 50 day simple moving average is GBX 347.29 and its 200 day simple moving average is GBX 346.97. The company has a current ratio of 1.00, a quick ratio of 1.28 and a debt-to-equity ratio of 86.37. The company has a market cap of £2.08 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.68 and a beta of 1.78. Hammerson has a 12-month low of GBX 285.80 and a 12-month high of GBX 391.80.

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.