Hammerson (LON:HMSO) Earns "Hold" Rating from Jefferies Financial Group

Key Points

• Jefferies reiterated its “Hold” rating on Hammerson, maintaining a GBX 351 price target—about 3.48% above the current price.
• Analyst sentiment is moderately positive overall, with three Buy and three Hold ratings and a consensus price target of GBX 381.83.
• Hammerson shares opened at GBX 339.20, while insider Rob Wilkinson purchased 478 shares at GBX 376 each; insiders own 9.38% of the company.

Hammerson (LON:HMSO - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 351 target price on the real estate investment trust's stock. Jefferies Financial Group's target price points to a potential upside of 3.48% from the company's current price.

HMSO has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft upped their price objective on Hammerson from GBX 370 to GBX 395 and gave the stock a "hold" rating in a report on Tuesday, August 11th. Citigroup lifted their target price on Hammerson from GBX 385 to GBX 454 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Berenberg Bank reduced their target price on Hammerson from GBX 448 to GBX 423 and set a "buy" rating on the stock in a report on Tuesday, September 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 381.83.

Hammerson Price Performance

Hammerson stock opened at GBX 339.20 on Thursday. Hammerson has a 1 year low of GBX 285.80 and a 1 year high of GBX 391.80. The firm has a 50 day moving average price of GBX 355.55 and a 200 day moving average price of GBX 347.37. The company has a market cap of £1.98 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.68 and a beta of 1.79. The company has a debt-to-equity ratio of 86.37, a quick ratio of 1.28 and a current ratio of 1.00.

Hammerson (LON:HMSO - Get Free Report) last posted 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%. Sell-side analysts predict that Hammerson will post 20.75 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Rob Wilkinson purchased 478 shares of the firm's stock in a transaction 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. Company insiders own 9.38% 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.

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