Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Hammerson (LON:HMSO) Stock

Hammerson (LON:HMSO) had its target price increased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 370 to GBX 395 in a research report issued on Tuesday,London Stock Exchange reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 3.19% from the company’s previous close.

Several other research firms also recently issued reports on HMSO. Berenberg Bank reiterated a “buy” rating and set a GBX 448 price objective on shares of Hammerson in a research note on Thursday, July 30th. Citigroup upped their price target on shares of Hammerson from GBX 385 to GBX 454 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 360 price objective on shares of Hammerson in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Hammerson presently has a consensus rating of “Moderate Buy” and an average price target of GBX 382.14.

Hammerson Stock Performance

Hammerson stock opened at GBX 382.80 on Tuesday. The stock’s 50-day moving average is GBX 362.41 and its 200-day moving average is GBX 344.14. The company has a market cap of £2.23 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79. 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 12 month low of GBX 264 and a 12 month high of GBX 391.80.

Hammerson (LON:HMSO) last issued its 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 return on equity of 11.84% and a net margin of 86.23%. Equities analysts anticipate that Hammerson will post 20.7491639 earnings per share for the current 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.