Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Hammerson (LON:HMSO) Stock

Hammerson (LON:HMSO) had its target price upped by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 320 to GBX 370 in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 13.50% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Panmure Gordon reissued a “buy” rating and issued a GBX 330 price objective on shares of Hammerson in a report on Monday, November 24th. Berenberg Bank boosted their target price on shares of Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 348.17.

Hammerson Price Performance

LON:HMSO traded up GBX 3.80 during trading hours on Friday, hitting GBX 326. 7,979,192 shares of the stock were exchanged, compared to its average volume of 2,481,160. The firm’s fifty day moving average price is GBX 345.91 and its 200 day moving average price is GBX 318.70. 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 £1.73 billion, a P/E ratio of 7.12, a P/E/G ratio of 1.68 and a beta of 1.81. The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80.

Hammerson (LON:HMSO) last released its earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 earnings per share for the quarter. Hammerson had a return on equity of 11.77% and a net margin of 268.95%. As a group, equities research analysts anticipate that Hammerson will post 20.7491639 EPS for the current fiscal year.

Insider Transactions at Hammerson

In other Hammerson news, insider Rob Wilkinson sold 72,328 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of GBX 331, for a total value of £239,405.68. 10.28% of the stock is currently 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.