Hammerson's (HMSO) Hold Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “hold” rating on Hammerson and maintained a GBX 375 price target, implying 12.61% upside from the previous close.
• Analyst sentiment is generally positive, with four “buy” ratings and three “hold” ratings; MarketBeat reports a consensus “moderate buy” rating and a GBX 380.71 target price.
• Hammerson shares opened at GBX 333 and were down 0.4%, while insider Rob Wilkinson purchased 478 shares at GBX 376, valued at approximately £1,797.

Hammerson (LON:HMSO - Get Free Report)'s stock had its "hold" rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued on Monday, London Stock Exchange reports. They currently have a GBX 375 target price on the real estate investment trust's stock. Jefferies Financial Group's target price points to a potential upside of 12.61% from the company's previous close.

A number of other research firms have also recently issued reports on HMSO. Berenberg Bank cut their target price on shares of Hammerson from GBX 448 to GBX 423 and set a "buy" rating for the company in a research note on Tuesday, September 15th. Citigroup upped their price target on shares of Hammerson from GBX 385 to GBX 454 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased 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. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Hammerson has a consensus rating of "Moderate Buy" and a consensus target price of GBX 380.71.

Hammerson Stock Down 0.4%

HMSO opened at GBX 333 on Monday. The stock's fifty day simple moving average is GBX 362.83 and its 200 day simple moving average is GBX 346.86. Hammerson has a 1-year low of GBX 280.40 and a 1-year high of GBX 391.80. The stock has a market cap of £1.94 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79. 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 (LON:HMSO - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a net margin of 86.23% and a return on equity of 11.84%. As a group, research analysts expect that Hammerson will post 20.7491639 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Rob Wilkinson bought 478 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of GBX 376 per share, with a total value 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.