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

Shares of Hammerson Plc (LON:HMSO) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 339.83.

A number of analysts recently commented on HMSO shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research report on Monday, November 24th. Panmure Gordon reiterated a “buy” rating and set a GBX 330 price target on shares of Hammerson in a report on Monday, November 24th. Finally, Berenberg Bank upped their price objective on shares of Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a research note on Tuesday, January 27th.

Hammerson Trading Down 0.4%

Shares of Hammerson stock opened at GBX 369.20 on Friday. Hammerson has a 1 year low of GBX 219.20 and a 1 year high of GBX 373. 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 business has a 50 day moving average price of GBX 342.43 and a 200 day moving average price of GBX 313.74. The company has a market capitalization of £1.96 billion, a P/E ratio of 26.37, a P/E/G ratio of 1.68 and a beta of 2.30.

Hammerson (LON:HMSO) last released its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 earnings per share for the quarter. Hammerson had a negative return on equity of 25.94% and a negative net margin of 346.30%. Sell-side analysts anticipate that Hammerson will post 20.7491639 EPS for the current fiscal year.

Insider Buying and Selling at Hammerson

In related news, insider Rita-Rose Gagné sold 126,260 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of GBX 309, for a total value of £390,143.40. Also, insider Rob Wilkinson purchased 155,718 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was acquired at an average cost of GBX 323 per share, for a total transaction of £502,969.14. Insiders have sold 542,391 shares of company stock worth $167,046,462 in the last 90 days. Insiders own 10.27% of the company’s stock.

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.