Hammerson Plc (LON:HMSO) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Hammerson has a “Moderate Buy” consensus rating from seven analysts, with four buy ratings and three holds. The average 12-month price target is GBX 378.57.
• Analyst targets were mixed but generally remained positive: Citigroup raised its target to GBX 454, Deutsche Bank to GBX 395, while Berenberg lowered its target to GBX 423; Jefferies maintained a GBX 360 hold rating.
• Hammerson shares opened at GBX 345.60, with a 52-week range of GBX 280.40–391.80. The company reported quarterly EPS of GBX 12.10, and an insider recently purchased 478 shares at GBX 376 each.

Shares of Hammerson Plc (LON:HMSO - Get Free Report) have earned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 378.57.

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hammerson from GBX 370 to GBX 395 and gave the company a "hold" rating in a research report on Tuesday, August 11th. Citigroup lifted their price objective 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. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 360 price objective on shares of Hammerson in a report on Friday, July 31st. Finally, Berenberg Bank lowered their target price on shares of Hammerson from GBX 448 to GBX 423 and set a "buy" rating on the stock in a research report on Tuesday.

Hammerson Stock Performance

Shares of HMSO stock opened at GBX 345.60 on Friday. Hammerson has a fifty-two week low of GBX 280.40 and a fifty-two week high of GBX 391.80. The stock's 50-day moving average is GBX 368.91 and its two-hundred day moving average is GBX 346.28. The company has a debt-to-equity ratio of 86.37, a current ratio of 1.00 and a quick ratio of 1.28. The firm has a market cap of £2.02 billion, a P/E ratio of 8.58, a PEG ratio of 1.68 and a beta of 1.79.

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

Insider Activity

In related news, insider Rob Wilkinson purchased 478 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was bought 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.

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.

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