Analysts Set Hammerson Plc (LON:HMSO) PT at GBX 382.14

Hammerson Plc (LON:HMSO) has earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 382.14.

Several research analysts have commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 448 target price on shares of Hammerson in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft increased their price target on Hammerson from GBX 370 to GBX 395 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Citigroup lifted their price objective on Hammerson from GBX 385 to GBX 454 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 360 target price on shares of Hammerson in a report on Friday, July 31st.

Insider Activity at Hammerson

In other news, insider Rob Wilkinson acquired 478 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of GBX 376 per share, for a total transaction of £1,797.28. Corporate insiders own 10.26% of the company’s stock.

Hammerson Trading Up 0.5%

HMSO opened at GBX 377.40 on Monday. The company has a debt-to-equity ratio of 86.37, a current ratio of 1.00 and a quick ratio of 1.28. Hammerson has a fifty-two week low of GBX 264 and a fifty-two week high of GBX 391.80. The company’s 50 day moving average price is GBX 372.49 and its two-hundred day moving average price is GBX 346.59. The firm has a market capitalization of £2.20 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.68 and a beta of 1.79.

Hammerson (LON:HMSO) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 earnings per share (EPS) for the quarter. Hammerson had a net margin of 86.23% and a return on equity of 11.84%. As a group, research analysts predict that Hammerson will post 20.7491639 earnings per share 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.