Berenberg Bank Issues Pessimistic Forecast for Hammerson (LON:HMSO) Stock Price

Key Points

• Berenberg Bank cut Hammerson’s price target from GBX 448 to GBX 423 but maintained a “buy” rating, implying approximately 26.87% potential upside from the current price.
• Analyst sentiment remains moderately positive: four analysts rate Hammerson “buy” and three rate it “hold,” with an average price target of GBX 378.57.
• Hammerson shares opened at GBX 333.40, below both their 50-day and 200-day moving averages; insider Rob Wilkinson recently purchased 478 shares at GBX 376 each.

Hammerson (LON:HMSO - Get Free Report) had its price target cut by equities research analysts at Berenberg Bank from GBX 448 to GBX 423 in a research note issued to investors on Tuesday, London Stock Exchange reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. Berenberg Bank's price target points to a potential upside of 26.87% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group reissued a "hold" rating and issued a GBX 360 target price on shares of Hammerson in a research report on Friday, July 31st. Citigroup raised their price target on shares of Hammerson from GBX 385 to GBX 454 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 378.57.

Hammerson Stock Performance

HMSO stock opened at GBX 333.40 on Tuesday. The stock's 50 day simple moving average is GBX 370.37 and its 200 day simple moving average is GBX 346.84. The company has a current ratio of 1.00, a quick ratio of 1.28 and a debt-to-equity ratio of 86.37. Hammerson has a 12-month low of GBX 280.40 and a 12-month high of GBX 391.80. The stock has a market capitalization of £1.94 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79.

Hammerson (LON:HMSO - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. As a group, research analysts forecast that Hammerson will post 20.7491639 earnings per share for the current fiscal year.

Insider Activity at Hammerson

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

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