Jefferies Financial Group Reaffirms “Hold” Rating for Hammerson (LON:HMSO)

Hammerson (LON:HMSO)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Financial Group in a report released on Monday, October 5th, MarketBeat reports. They presently have a GBX 375 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential upside of 14.75% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Berenberg Bank dropped their target price on Hammerson from GBX 448 to GBX 423 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. 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. Finally, Citigroup upped 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. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 385.83.

Hammerson Stock Up 0.2%

Shares of LON HMSO traded up GBX 0.80 during midday trading on Monday, reaching GBX 326.80. 404,506 shares of the company’s stock traded hands, compared to its average volume of 8,296,135. The company has a market cap of £1.91 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.68 and a beta of 1.79. The stock’s 50 day simple moving average is GBX 358.55 and its 200-day simple moving average is GBX 346.94. The company has a quick ratio of 1.28, a current ratio of 1.00 and a debt-to-equity ratio of 86.37. Hammerson has a one year low of GBX 280.40 and a one year high of GBX 391.80.

Hammerson (LON:HMSO) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a net margin of 86.23% and a return on equity of 11.84%. On average, analysts predict that Hammerson will post 20.75 EPS for the current fiscal year.

Insider Activity

In other news, insider Rob Wilkinson acquired 478 shares of Hammerson stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of GBX 376 per share, for a total transaction of £1,797.28. 9.38% of the stock is currently owned by insiders.

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.