Hammerson (LON:HMSO) Price Target Raised to GBX 409

Hammerson (LON:HMSO) had its price target hoisted by Berenberg Bank from GBX 405 to GBX 409 in a research report report published on Tuesday, Marketbeat.com reports. They currently have a buy rating on the real estate investment trust’s stock.

HMSO has been the topic of a number of other research reports. Peel Hunt restated a “buy” rating and issued a GBX 350 target price on shares of Hammerson in a research report on Friday, October 10th. Jefferies Financial Group boosted their price objective on shares of Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research note on Monday, November 24th. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 330 price target on shares of Hammerson in a research note on Monday, November 24th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 339.83.

Hammerson Stock Up 1.1%

Shares of LON HMSO opened at GBX 358.60 on Tuesday. The company has a market capitalization of £1.90 billion, a P/E ratio of 25.61, a P/E/G ratio of 1.68 and a beta of 2.30. The company has a debt-to-equity ratio of 80.77, a current ratio of 10.65 and a quick ratio of 1.28. The company has a 50 day simple moving average of GBX 326.81 and a 200-day simple moving average of GBX 305.87. Hammerson has a 1 year low of GBX 219.20 and a 1 year high of GBX 360.80.

Insider Buying and Selling at Hammerson

In related news, insider Rob Wilkinson purchased 155,718 shares of Hammerson stock in a transaction on Friday, December 19th. The shares were bought at an average price of GBX 323 per share, with a total value of £502,969.14. Also, insider Rita-Rose Gagné sold 126,260 shares of Hammerson stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of GBX 309, for a total value of £390,143.40. Over the last quarter, insiders sold 542,391 shares of company stock worth $167,046,462. Insiders own 10.20% 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.