Hammerson (LON:HMSO) Earns Hold Rating from Jefferies Financial Group

Hammerson (LON:HMSO)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 351 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 3.48% from the company’s current price.

HMSO has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Hammerson from GBX 370 to GBX 395 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Citigroup increased their target price on Hammerson from GBX 385 to GBX 454 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Berenberg Bank decreased their price target on shares of Hammerson from GBX 448 to GBX 423 and set a “buy” rating for the company in a research report on Tuesday, September 15th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 381.83.

Hammerson Stock Up 1.2%

Shares of LON HMSO opened at GBX 339.20 on Thursday. Hammerson has a 1 year low of GBX 285.80 and a 1 year high of GBX 391.80. The firm has a market cap of £1.98 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.68 and a beta of 1.79. The company has a debt-to-equity ratio of 86.37, a quick ratio of 1.28 and a current ratio of 1.00. The stock’s 50-day simple moving average is GBX 355.55 and its 200-day simple moving average is GBX 347.37.

Hammerson (LON:HMSO) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. As a group, equities analysts anticipate that Hammerson will post 20.75 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Rob Wilkinson bought 478 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of GBX 376 per share, for a total transaction of £1,797.28. Company insiders own 9.38% of the company’s stock.

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.