Hammerson Plc (LON:HMSO) Receives Consensus Recommendation of “Hold” from Brokerages

Hammerson Plc (LON:HMSO) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 346.71.

A number of analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on Hammerson from GBX 361 to GBX 338 and set a “neutral” rating for the company in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft lifted their price target on 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

Shares of HMSO opened at GBX 371.20 on Friday. The company has a market cap of £1.97 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.68 and a beta of 1.80. The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80. The stock has a 50-day moving average price of GBX 335.87 and a 200-day moving average price of GBX 333.51. Hammerson has a 12-month low of GBX 264 and a 12-month high of GBX 374.

Insider Activity

In other news, insider Himanshu Raja sold 58,428 shares of Hammerson stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 335, for a total transaction of £195,733.80. Company insiders own 10.31% 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.