Hammerson Plc (LON:HMSO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Hammerson Plc (LON:HMSO) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 382.14.

Several research analysts have commented on the company. 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. Citigroup increased their price objective on Hammerson from GBX 385 to GBX 454 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hammerson from GBX 370 to GBX 395 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 360 target price on shares of Hammerson in a research report on Friday, July 31st.

Hammerson Price Performance

Shares of Hammerson stock opened at GBX 378.80 on Monday. 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 firm has a fifty day simple moving average of GBX 369.37 and a 200-day simple moving average of GBX 345.74. The stock has a market capitalization of £2.21 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 1.68 and a beta of 1.79. Hammerson has a 1-year low of GBX 264 and a 1-year high of GBX 391.80.

Hammerson (LON:HMSO) last posted 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 net margin of 86.23% and a return on equity of 11.84%. On average, sell-side analysts expect that Hammerson will post 20.7491639 earnings per share for the current year.

Insider Activity

In related news, insider Rob Wilkinson acquired 478 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of GBX 376 per share, for a total transaction of £1,797.28. Insiders own 10.26% of the company’s stock.

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.