Brokerages Set Hammerson Plc (LON:HMSO) Target Price at GBX 339.83

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

HMSO has been the topic of a number of research reports. Panmure Gordon reissued a “buy” rating and issued a GBX 330 price objective on shares of Hammerson in a research report on Monday, November 24th. Berenberg Bank boosted their price target on shares of Hammerson from GBX 405 to GBX 409 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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.

Insider Buying and Selling

In other news, insider Rita-Rose Gagné sold 279,905 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of GBX 308, for a total value of £862,107.40. Also, insider Rob Wilkinson bought 155,718 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was purchased at an average cost of GBX 323 per share, with a total value of £502,969.14. Over the last 90 days, insiders sold 542,391 shares of company stock valued at $167,046,462. Corporate insiders own 10.27% of the company’s stock.

Hammerson Stock Down 0.1%

LON:HMSO opened at GBX 368.20 on Friday. The stock has a 50-day simple moving average of GBX 344.42 and a 200 day simple moving average of GBX 314.61. Hammerson has a 52-week low of GBX 219.20 and a 52-week high of GBX 373. The company has a market cap of £1.95 billion, a PE ratio of 26.30, a PEG ratio of 1.68 and a beta of 2.30. The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65.

Hammerson (LON:HMSO) last released its earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 EPS for the quarter. Hammerson had a negative return on equity of 25.94% and a negative net margin of 346.30%. On average, sell-side analysts expect that Hammerson will post 20.7491639 EPS for the current fiscal 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. Our assets are high profile and play an important role in our communities, welcoming c.