Hammerson (LON:HMSO) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Hammerson (LON:HMSO) had its target price hoisted by investment analysts at Berenberg Bank from GBX 405 to GBX 409 in a research report issued on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price objective suggests a potential upside of 17.33% from the stock’s current price.

HMSO has been the topic of a number of other research reports. Jefferies Financial Group increased their price target on Hammerson from GBX 234 to GBX 245 and gave the stock an “underperform” rating in a research note on Tuesday, October 28th. Peel Hunt reiterated a “buy” rating and issued a GBX 350 target price on shares of Hammerson in a research note on Friday, October 10th. Panmure Gordon reissued a “buy” rating and issued a GBX 330 price target on shares of Hammerson in a research note on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hammerson has an average rating of “Moderate Buy” and an average price target of GBX 339.83.

Hammerson Price Performance

HMSO stock traded up GBX 2.60 during trading on Tuesday, hitting GBX 348.60. The stock had a trading volume of 307,636 shares, compared to its average volume of 650,929. The stock has a market cap of £1.85 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30. The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65. The company’s 50 day moving average price is GBX 323.13 and its two-hundred day moving average price is GBX 304.73. Hammerson has a 1-year low of GBX 219.20 and a 1-year high of GBX 351.10.

Insider Activity at Hammerson

In other Hammerson news, insider Rob Wilkinson bought 155,718 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were acquired at an average price of GBX 323 per share, with a total value of £502,969.14. Also, insider Rita-Rose Gagné sold 279,905 shares of Hammerson stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of GBX 308, for a total transaction of £862,107.40. Insiders sold 542,391 shares of company stock worth $167,046,462 in the last 90 days. 10.20% of the stock is currently 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.