The Goldman Sachs Group Lowers Hammerson (LON:HMSO) Price Target to GBX 338

Hammerson (LON:HMSO) had its target price reduced by investment analysts at The Goldman Sachs Group from GBX 361 to GBX 338 in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s target price points to a potential upside of 15.04% from the stock’s current price.

A number of other brokerages have also weighed in on HMSO. Berenberg Bank upped their price objective on Hammerson from GBX 405 to GBX 409 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hammerson from GBX 320 to GBX 370 and gave the stock a “hold” rating in a research report on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 346.71.

Hammerson Price Performance

LON HMSO remained flat at GBX 293.80 during trading hours on Monday. 1,563,637 shares of the company traded hands, compared to its average volume of 8,339,779. The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80. The company has a market cap of £1.56 billion, a P/E ratio of 6.41, a price-to-earnings-growth ratio of 1.68 and a beta of 1.81. Hammerson has a 52-week low of GBX 219.20 and a 52-week high of GBX 373. The stock has a 50-day moving average of GBX 342.26 and a 200-day moving average of GBX 320.70.

Hammerson (LON:HMSO) last announced its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported GBX 46 earnings per share for the quarter. Hammerson had a return on equity of 11.77% and a net margin of 109.58%. On average, equities research analysts expect that Hammerson will post 20.7491639 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Rob Wilkinson sold 72,328 shares of Hammerson stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of GBX 331, for a total transaction of £239,405.68. 10.28% of the stock is owned by insiders.

Hammerson Company Profile

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.