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

Key Points

• Analysts give Hammerson a “Moderate Buy” consensus: Four of seven analysts rate the stock a buy, while three recommend holding it. The average 12-month price target is GBX 382.14.
• Recent broker updates were mixed but generally positive, with Citigroup raising its target to GBX 454 and Berenberg maintaining a buy rating at GBX 448; Deutsche Bank and Jefferies retained hold ratings.
• Hammerson shares opened at GBX 378.80, near the analyst consensus target, while insider Rob Wilkinson purchased 478 shares at GBX 376. The company reported quarterly EPS of GBX 12.10 and analysts expect full-year EPS of approximately GBX 20.75.

Shares of Hammerson Plc (LON:HMSO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 382.14.

Several analysts have commented on the stock. Jefferies Financial Group reissued a "hold" rating and issued a GBX 360 target price on shares of Hammerson in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hammerson from GBX 370 to GBX 395 and gave the company a "hold" rating in a 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. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 448 price objective on shares of Hammerson in a report on Thursday, July 30th.

Insider Buying and Selling at Hammerson

In related news, insider Rob Wilkinson purchased 478 shares of Hammerson stock in a transaction on Thursday, August 13th. The stock was bought at an average price of GBX 376 per share, with a total value of £1,797.28. 10.26% of the stock is owned by corporate insiders.

Hammerson Stock Up 0.2%

Shares of Hammerson stock opened at GBX 378.80 on Monday. The firm has a market cap of £2.21 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 1.68 and a beta of 1.79. The company has a debt-to-equity ratio of 86.37, a current ratio of 1.00 and a quick ratio of 1.28. Hammerson has a 52-week low of GBX 264 and a 52-week high of GBX 391.80. The stock has a 50-day simple moving average of GBX 369.37 and a 200-day simple moving average of GBX 345.74.

Hammerson (LON:HMSO - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. On average, equities research analysts expect that Hammerson will post 20.7491639 earnings per share for the current fiscal 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. Our assets are high profile and play an important role in our communities, welcoming c.

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