Berenberg Bank Cuts Hammerson (LON:HMSO) Price Target to GBX 423

by · The Markets Daily

Hammerson (LON:HMSO – Free Report) had its price target reduced by Berenberg Bank from GBX 448 to GBX 423 in a report issued on Tuesday, Marketbeat reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and set a GBX 360 price target on shares of Hammerson in a research note on Friday, July 31st. Citigroup boosted their price objective on Hammerson from GBX 385 to GBX 454 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hammerson from GBX 370 to GBX 395 and gave the company a “hold” rating in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 378.57.

Read Our Latest Research Report on HMSO

Hammerson Price Performance

Hammerson stock opened at GBX 347.30 on Tuesday. The business’s 50 day simple moving average is GBX 368.91 and its 200 day simple moving average is GBX 346.28. Hammerson has a 12 month low of GBX 280.40 and a 12 month high of GBX 391.80. The company has a market cap of £2.03 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.68 and a beta of 1.79. The company has a current ratio of 1.00, a quick ratio of 1.28 and a debt-to-equity ratio of 86.37.

Hammerson (LON:HMSO – Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 earnings per share (EPS) for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. Sell-side analysts forecast that Hammerson will post 20.7491639 EPS for the current year.

Insider Activity

In other news, insider Rob Wilkinson acquired 478 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of GBX 376 per share, for a total transaction of £1,797.28. Insiders own 9.38% of the company’s stock.

About Hammerson

(Get Free Report)

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.

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