Analysts Set Hammerson Plc (LON:HMSO) Target Price at GBX 382.14

Hammerson Plc (LON:HMSO) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Three equities research 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 analysts that have covered the stock in the last year is GBX 382.14.

Several brokerages have recently weighed in on HMSO. Berenberg Bank reiterated a “buy” rating and set a GBX 448 price target on shares of Hammerson in a research report on Thursday, July 30th. Citigroup upped their target price on shares of Hammerson from GBX 385 to GBX 454 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Hammerson from GBX 370 to GBX 395 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 360 price target on shares of Hammerson in a research report on Friday, July 31st.

Hammerson Stock Performance

LON:HMSO opened at GBX 377.40 on Monday. The company has a debt-to-equity ratio of 86.37, a quick ratio of 1.28 and a current ratio of 1.00. Hammerson has a 52-week low of GBX 264 and a 52-week high of GBX 391.80. The firm has a market cap of £2.20 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.68 and a beta of 1.79. The business’s fifty day moving average is GBX 372.49 and its 200 day moving average is GBX 346.57.

Hammerson (LON:HMSO) last issued its quarterly earnings data 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%. Research analysts predict that Hammerson will post 20.7491639 EPS for the current year.

Insider Activity

In other Hammerson news, insider Rob Wilkinson acquired 478 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of GBX 376 per share, with a total value of £1,797.28. Company insiders own 10.26% of the company’s stock.

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.