Hammerson Plc (LON:HMSO) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have given Hammerson an average recommendation of "Hold" based on coverage from seven firms (1 sell, 2 hold, 4 buy), with an average 1‑year price target of GBX 346.71.
• The stock opened at GBX 316, trading below its 50‑day MA (GBX 334.40) but near its 200‑day MA (GBX 321.58); Hammerson has a market cap of £1.67bn, a PE of 6.87, and a one‑year range of GBX 230.20–373.
• Recent analyst moves include Deutsche Bank raising its TP to GBX 370 (hold) and Berenberg to GBX 409 (buy) while Goldman cut its TP to GBX 338 (neutral); additionally, insider Rob Wilkinson sold 72,328 shares and insiders own 10.28% of the stock.

Shares of Hammerson Plc (LON:HMSO - Get Free Report) have received an average recommendation of "Hold" from the seven ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 346.71.

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Hammerson from GBX 320 to GBX 370 and gave the company a "hold" rating in a report on Friday, March 20th. Berenberg Bank increased their target price on Hammerson from GBX 405 to GBX 409 and gave the company a "buy" rating in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group reduced their target price on Hammerson from GBX 361 to GBX 338 and set a "neutral" rating for the company in a report on Monday, March 30th.

Hammerson Price Performance

LON HMSO opened at GBX 316 on Friday. The stock's 50-day moving average price is GBX 334.40 and its two-hundred day moving average price is GBX 321.58. 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 company has a market cap of £1.67 billion, a PE ratio of 6.87, a PEG ratio of 1.68 and a beta of 1.81. Hammerson has a 1 year low of GBX 230.20 and a 1 year high of GBX 373.

Hammerson (LON:HMSO - Get Free Report) last posted its quarterly earnings data 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 109.58%. On average, analysts predict that Hammerson will post 20.7491639 EPS for the current year.

Insider Activity

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