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

Hammerson (LON:HMSO) had its price target lifted by equities research analysts at Berenberg Bank from GBX 405 to GBX 409 in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price objective points to a potential upside of 15.28% from the company’s previous close.

Several other research firms have also commented on HMSO. Jefferies Financial Group raised their price objective on shares of Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a research note on Tuesday, October 28th. Peel Hunt reissued a “buy” rating and issued a GBX 350 price target on shares of Hammerson in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research report on Monday, November 24th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 330 target price on shares of Hammerson in a report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 339.83.

Hammerson Trading Up 1.4%

Shares of LON HMSO opened at GBX 354.80 on Tuesday. The stock has a fifty day simple moving average of GBX 325.41 and a 200-day simple moving average of GBX 305.51. Hammerson has a twelve month low of GBX 219.20 and a twelve month high of GBX 354.80. The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77. The stock has a market capitalization of £1.88 billion, a PE ratio of 25.34, a PEG ratio of 1.68 and a beta of 2.30.

Insider Activity

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