Hammerson Plc (LON:HMSO) Stock Has Average Target Price of GBX 385.83

Shares of Hammerson Plc (LON:HMSO) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat 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 price target among analysts that have issued a report on the stock in the last year is GBX 381.83.

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

Insider Transactions at Hammerson

In other news, insider Rob Wilkinson purchased 478 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of GBX 376 per share, with a total value of £1,797.28. Company insiders own 9.38% of the company’s stock.

Hammerson Stock Performance

HMSO opened at GBX 343.40 on Tuesday. Hammerson has a 52-week low of GBX 285.80 and a 52-week high of GBX 391.80. The firm has a market capitalization of £2.00 billion, a PE ratio of 8.52, a PEG ratio of 1.68 and a beta of 1.79. The company has a debt-to-equity ratio of 86.37, a quick ratio of 1.28 and a current ratio of 1.00. The business’s 50-day simple moving average is GBX 354.25 and its 200 day simple moving average is GBX 347.68.

Hammerson (LON:HMSO) last issued 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%. As a group, sell-side analysts expect that Hammerson will post 20.75 earnings per share for the current fiscal year.

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.