Hammerson Plc (LON:HMSO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Hammerson Plc (LON:HMSO) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 378.57.

A number of analysts have issued reports on HMSO shares. Deutsche Bank Aktiengesellschaft raised their target price on Hammerson from GBX 370 to GBX 395 and gave the company a “hold” rating in a report on Tuesday, August 11th. Berenberg Bank lowered their price objective on shares of Hammerson from GBX 448 to GBX 423 and set a “buy” rating on the stock in a research note on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 360 target price on shares of Hammerson in a research report on Friday, July 31st. Finally, Citigroup increased their price target on shares of Hammerson from GBX 385 to GBX 454 and gave the company a “buy” rating in a report on Wednesday, August 5th.

Insider Buying and Selling

In other news, insider Rob Wilkinson purchased 478 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was purchased 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 company insiders.

Hammerson Stock Down 1.4%

HMSO stock opened at GBX 345.60 on Friday. 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 280.40 and a 52-week high of GBX 391.80. The company has a 50-day moving average of GBX 368.91 and a two-hundred day moving average of GBX 346.28. The stock has a market capitalization of £2.02 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79.

Hammerson (LON:HMSO) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 earnings per share (EPS) for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. As a group, equities research analysts anticipate 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. Our assets are high profile and play an important role in our communities, welcoming c.