Citigroup Cuts Hammerson (LON:HMSO) Price Target to GBX 385

Key Points

• Citigroup has lowered its target price for Hammerson from GBX 421 to GBX 385, while maintaining a "buy" rating on the stock.
• Hammerson's current stock price suggests a potential upside of 28.42% based on Citigroup's new target.
• Insider Rita-Rose Gagné recently sold 97,037 shares of Hammerson at an average price of GBX 292, indicating significant insider activity.

Hammerson (LON:HMSO - Get Free Report) had its target price cut by Citigroup from GBX 421 ($5.66) to GBX 385 ($5.17) in a research note issued to investors on Monday,London Stock Exchange reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Citigroup's target price would suggest a potential upside of 28.42% from the stock's current price.

Hammerson Stock Up 0.4%

LON HMSO opened at GBX 299.80 ($4.03) on Monday. The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77. The company has a market cap of £1.47 billion, a price-to-earnings ratio of -54.69, a PEG ratio of 1.68 and a beta of 2.30. The company has a 50 day moving average of GBX 289.49 and a 200-day moving average of GBX 272.63. Hammerson has a 1-year low of GBX 219.20 ($2.95) and a 1-year high of GBX 325 ($4.37).

Insiders Place Their Bets

In other news, insider Rita-Rose Gagné sold 97,037 shares of the company's stock in a transaction on Thursday, June 19th. The stock was sold at an average price of GBX 292 ($3.92), for a total transaction of £283,348.04 ($380,741.79). 77.21% of the stock is owned by corporate 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.

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