Deutsche Bank Aktiengesellschaft Boosts Hammerson (LON:HMSO) Price Target to GBX 370

Key Points

• Deutsche Bank raised its price target on Hammerson from GBX 320 to GBX 370 and kept a "hold" rating, implying about a 13.5% upside from the prior close.
• Analysts have a consensus rating of Moderate Buy with an average price target of GBX 348.17; Berenberg and Panmure Gordon maintain buy ratings (Berenberg raised its target to GBX 409).
• Shares traded at GBX 326 on Friday with elevated volume; Hammerson has a market cap of £1.73bn, a P/E of 7.12, and an insider (Rob Wilkinson) recently sold 72,328 shares at GBX 331 (insiders own 10.28%).

Hammerson (LON:HMSO - Get Free Report) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from GBX 320 to GBX 370 in a report released on Friday, MarketBeat reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 13.50% from the company's previous close.

Several other research analysts have also recently issued reports on the company. Berenberg Bank raised their price objective on Hammerson from GBX 405 to GBX 409 and gave the stock a "buy" rating in a research note on Tuesday, January 27th. Panmure Gordon reissued a "buy" rating and set a GBX 330 price target on shares of Hammerson in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hammerson has a consensus rating of "Moderate Buy" and a consensus price target of GBX 348.17.

Hammerson Stock Performance

Shares of LON HMSO traded up GBX 3.80 during midday trading on Friday, reaching GBX 326. The company had a trading volume of 7,979,192 shares, compared to its average volume of 2,481,160. Hammerson has a 1 year low of GBX 219.20 and a 1 year high of GBX 373. The business's 50-day simple moving average is GBX 345.91 and its 200 day simple moving average is GBX 318.70. The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80. The stock has a market cap of £1.73 billion, a P/E ratio of 7.12, a P/E/G ratio of 1.68 and a beta of 1.81.

Hammerson (LON:HMSO - Get Free Report) last released its earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 earnings per share (EPS) for the quarter. Hammerson had a return on equity of 11.77% and a net margin of 268.95%. On average, analysts forecast that Hammerson will post 20.7491639 earnings per share for the current fiscal year.

Insider Activity at Hammerson

In other news, insider Rob Wilkinson sold 72,328 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of GBX 331, for a total transaction of £239,405.68. 10.28% of the stock is owned by insiders.

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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