Hammerson (LON:HMSO) Price Target Raised to GBX 370

Hammerson (LON:HMSO) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 320 to GBX 370 in a report published on Friday, MarketBeat Ratings reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on HMSO. Panmure Gordon reaffirmed a “buy” rating and set a GBX 330 price target on shares of Hammerson in a report on Monday, November 24th. Berenberg Bank increased their price objective on shares of Hammerson from GBX 405 to GBX 409 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 348.17.

Hammerson Stock Up 0.1%

LON HMSO opened at GBX 322.40 on Friday. Hammerson has a 52 week low of GBX 219.20 and a 52 week 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. The company has a market capitalization of £1.71 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 1.68 and a beta of 1.81. The stock’s 50-day moving average price is GBX 345.40 and its 200-day moving average price is GBX 319.60.

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

Insider Transactions at Hammerson

In related news, insider Rob Wilkinson sold 72,328 shares of Hammerson stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of GBX 331, for a total transaction of £239,405.68. Company insiders own 10.28% 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.