Hammerson’s (HMSO) Hold Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Hammerson (LON:HMSO) in a research note published on Monday, Marketbeat Ratings reports. They currently have a GBX 375 price target on the real estate investment trust’s stock.

HMSO has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Hammerson from GBX 370 to GBX 395 and gave the company a “hold” rating in a report on Tuesday, August 11th. Citigroup boosted their target price 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, Berenberg Bank cut their target price on shares of Hammerson from GBX 448 to GBX 423 and set a “buy” rating on the stock in a research note on Tuesday, September 15th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 380.71.

Hammerson Stock Performance

Shares of HMSO opened at GBX 330.80 on Monday. The business’s 50 day moving average is GBX 362.04 and its two-hundred day moving average is GBX 346.84. Hammerson has a 52-week low of GBX 280.40 and a 52-week high of GBX 391.80. The firm has a market cap of £1.93 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.68 and a beta of 1.79. 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 (LON:HMSO) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 earnings per share for the quarter. Hammerson had a net margin of 86.23% and a return on equity of 11.84%. Analysts forecast that Hammerson will post 20.7491639 EPS for the current fiscal year.

Insider Activity at Hammerson

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

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.