Hammerson Plc (LON:HMSO) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Hammerson has a consensus “Moderate Buy” rating from six analysts, split evenly between buy and hold recommendations. The average 12-month price target is GBX 385.83, above the reported opening price of GBX 332.40.
• Brokerage views were mixed: Citigroup raised its target to GBX 454 with a buy rating, while Berenberg lowered its target to GBX 423 but maintained a buy rating. Jefferies and Deutsche Bank retained hold ratings with targets of GBX 375 and GBX 395, respectively.
• The stock was up 1.7% and has a market capitalization of approximately £1.94 billion. Hammerson reported quarterly EPS of GBX 12.10, while insider Rob Wilkinson purchased 478 shares at GBX 376 each.

Shares of Hammerson Plc (LON:HMSO - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 385.83.

Several brokerages recently issued reports on HMSO. Berenberg Bank cut their price objective on Hammerson from GBX 448 to GBX 423 and set a "buy" rating for the company in a report on Tuesday, September 15th. Jefferies Financial Group reissued a "hold" rating and set a GBX 375 price objective on shares of Hammerson in a research report on Monday, October 5th. Citigroup boosted their target price on 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 upped their target price on Hammerson from GBX 370 to GBX 395 and gave the stock a "hold" rating in a research report on Tuesday, August 11th.

Hammerson Stock Up 1.7%

HMSO stock opened at GBX 332.40 on Tuesday. The company has a 50 day moving average of GBX 357.38 and a two-hundred day moving average of GBX 347.01. The company has a market cap of £1.94 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.68 and a beta of 1.79. Hammerson has a 12-month low of GBX 285.80 and a 12-month high of GBX 391.80. The company has a quick ratio of 1.28, a current ratio of 1.00 and a debt-to-equity ratio of 86.37.

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 EPS for the quarter. Hammerson had a net margin of 86.23% and a return on equity of 11.84%. On average, equities analysts anticipate that Hammerson will post 20.75 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Rob Wilkinson purchased 478 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of GBX 376 per share, with a total value of £1,797.28. 9.38% of the stock is currently 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. Our assets are high profile and play an important role in our communities, welcoming c.

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