Hammerson Plc (LON:HMSO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Hammerson Plc (LON:HMSO) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 339.83.

Several equities analysts have recently weighed in on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 350 price target on shares of Hammerson in a research report on Friday, October 10th. Panmure Gordon restated a “buy” rating and issued a GBX 330 target price on shares of Hammerson in a research note on Monday, November 24th. Jefferies Financial Group upped their price target on Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a research report on Tuesday, October 28th. Berenberg Bank raised their price objective on shares of Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a research note on Monday, November 24th.

Insider Buying and Selling at Hammerson

In other Hammerson news, insider Rita-Rose Gagné sold 126,260 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were 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 dated Friday, December 19th. The stock was bought 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 valued at $167,046,462 in the last three months. 10.20% of the stock is owned by corporate insiders.

Hammerson Stock Performance

Shares of HMSO traded up GBX 4 during trading hours on Tuesday, hitting GBX 350. The company’s stock had a trading volume of 637,723 shares, compared to its average volume of 669,267. The business has a 50 day simple moving average of GBX 323.13 and a two-hundred day simple moving average of GBX 304.73. The company has a debt-to-equity ratio of 80.77, a current ratio of 10.65 and a quick ratio of 1.28. Hammerson has a 52-week low of GBX 219.20 and a 52-week high of GBX 351.10. The company has a market cap of £1.86 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.68 and a beta of 2.30.

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.