Hammerson Plc (LON:HMSO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Hammerson Plc (LON:HMSO) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 339.83.

A number of research analysts have weighed in on HMSO shares. Peel Hunt reissued a “buy” rating and issued a GBX 350 target price on shares of Hammerson in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a report on Monday, November 24th. Panmure Gordon restated a “buy” rating and set a GBX 330 target price on shares of Hammerson in a report on Monday, November 24th. Berenberg Bank upped their price objective on Hammerson from GBX 405 to GBX 409 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group raised their target price on shares of Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a report on Tuesday, October 28th.

Insider Activity at Hammerson

In other news, insider Rita-Rose Gagné sold 279,905 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of GBX 308, for a total transaction of £862,107.40. Also, insider Rob Wilkinson purchased 155,718 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was bought at an average price of GBX 323 per share, for a total transaction of £502,969.14. In the last ninety days, insiders have sold 542,391 shares of company stock worth $167,046,462. 10.20% of the stock is currently owned by corporate insiders.

Hammerson Stock Performance

Shares of LON HMSO opened at GBX 354.60 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77. The company has a market cap of £1.88 billion, a PE ratio of 25.33, a PEG ratio of 1.68 and a beta of 2.30. The firm’s 50-day moving average price is GBX 327.74 and its 200-day moving average price is GBX 306.43. Hammerson has a 52-week low of GBX 219.20 and a 52-week high of GBX 362.40.

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.