Brokerages Set Hammerson Plc (LON:HMSO) Price Target at GBX 346.71

Shares of Hammerson Plc (LON:HMSO) have received a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 346.71.

HMSO has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Hammerson from GBX 361 to GBX 338 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Hammerson from GBX 320 to GBX 370 and gave the company a “hold” rating in a research report on Friday, March 20th.

Hammerson Stock Performance

LON HMSO opened at GBX 325.20 on Monday. The stock has a market cap of £1.72 billion, a P/E ratio of 7.07, a PEG ratio of 1.68 and a beta of 1.79. The company’s 50-day simple moving average is GBX 324.66 and its 200 day simple moving average is GBX 330.16. Hammerson has a twelve month low of GBX 264 and a twelve month high of GBX 373. The company has a quick ratio of 1.28, a current ratio of 4.26 and a debt-to-equity ratio of 80.80.

Insider Transactions at Hammerson

In other Hammerson news, insider Rob Wilkinson sold 72,328 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 331, for a total value of £239,405.68. Also, insider Himanshu Raja sold 58,428 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of GBX 335, for a total transaction of £195,733.80. 10.31% of the stock is owned by insiders.

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.