Hammerson (LON:HMSO) Price Target Raised to GBX 454

Hammerson (LON:HMSO) had its price target hoisted by Citigroup from GBX 385 to GBX 454 in a research report released on Wednesday,Digital Look reports. Citigroup currently has a buy rating on the real estate investment trust’s stock.

HMSO has been the topic of several other reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 360 target price on shares of Hammerson in a report on Friday, July 31st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 448 price target on shares of Hammerson in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hammerson has an average rating of “Moderate Buy” and an average target price of GBX 378.57.

Hammerson Price Performance

HMSO opened at GBX 374.40 on Wednesday. Hammerson has a 12-month low of GBX 264 and a 12-month high of GBX 391.80. 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 business’s fifty day simple moving average is GBX 360.95 and its 200-day simple moving average is GBX 343.49. The company has a market capitalization of £2.18 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.68 and a beta of 1.79.

Hammerson (LON:HMSO) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 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 anticipate that Hammerson will post 20.7491639 earnings per share for the current fiscal 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.