Hammerson (LON:HMSO) Earns Buy Rating from Peel Hunt

Key Points

• Hammerson's stock received a "buy" rating from Peel Hunt, with a target price of GBX 350, indicating a potential upside of 21.11% from its current price.
• Citigroup downgraded Hammerson's price target from GBX 421 to GBX 385 while maintaining a "buy" rating, contributing to a consensus rating of "buy" and a price target of GBX 367.50 from analysts.
• The company reported a negative net margin of 346.30% in its latest quarterly earnings, with EPS of GBX 16.20 and expectations of 20.75 EPS for the current year.

Hammerson (LON:HMSO - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Peel Hunt in a note issued to investors on Friday,Digital Look reports. They currently have a GBX 350 target price on the real estate investment trust's stock. Peel Hunt's price objective would indicate a potential upside of 21.11% from the stock's current price.

Separately, Citigroup cut their price target on shares of Hammerson from GBX 421 to GBX 385 and set a "buy" rating for the company in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hammerson currently has a consensus rating of "Buy" and a consensus price target of GBX 367.50.

Hammerson Stock Down 0.5%

Shares of HMSO traded down GBX 1.40 during trading hours on Friday, reaching GBX 289. 667,511 shares of the stock traded hands, compared to its average volume of 1,476,688. 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 stock has a fifty day simple moving average of GBX 289.46 and a 200 day simple moving average of GBX 278.30. Hammerson has a 52 week low of GBX 219.20 and a 52 week high of GBX 321.80. The company has a market cap of £1.53 billion, a price-to-earnings ratio of 2,064.29, a PEG ratio of 1.68 and a beta of 2.30.

Hammerson (LON:HMSO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported GBX 16.20 earnings per share for the quarter. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%. On average, equities analysts forecast that Hammerson will post 20.7491639 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.