Hammerson (LON:HMSO) Price Target Raised to GBX 245

Hammerson (LON:HMSO) had its price target raised by Jefferies Financial Group from GBX 234 to GBX 245 in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has an underperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the company. Peel Hunt reiterated a “buy” rating and issued a GBX 350 price objective on shares of Hammerson in a report on Friday, October 10th. Citigroup decreased their price objective on Hammerson from GBX 421 to GBX 385 and set a “buy” rating for the company in a report on Monday, July 28th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 326.67.

Hammerson Price Performance

Shares of Hammerson stock opened at GBX 306.60 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77. The company has a market cap of £1.62 billion, a PE ratio of 21.90, a P/E/G ratio of 1.68 and a beta of 2.30. The business has a 50 day moving average of GBX 291.23 and a 200 day moving average of GBX 285.03. Hammerson has a 52 week low of GBX 219.20 and a 52 week high of GBX 315.20.

Hammerson (LON:HMSO) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported GBX 16.20 earnings per share (EPS) for the quarter. Hammerson had a negative return on equity of 25.94% and a negative net margin of 346.30%. As a group, equities research analysts forecast that Hammerson will post 20.7491639 earnings per share for the current year.

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.