Hammerson (LON:HMSO) Earns Buy Rating from Berenberg Bank

Hammerson (LON:HMSO)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 448 price objective on the real estate investment trust’s stock. Berenberg Bank’s price objective would indicate a potential upside of 20.37% from the stock’s previous close.

Hammerson Trading Up 0.9%

HMSO opened at GBX 372.20 on Thursday. Hammerson has a twelve month low of GBX 264 and a twelve month high of GBX 377. The company has a fifty day moving average of GBX 355.43 and a 200-day moving average of GBX 341.70. The stock has a market cap of £1.97 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79. The company has a quick ratio of 1.28, a current ratio of 4.26 and a debt-to-equity ratio of 80.80.

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.