Citigroup Boosts Hammerson (LON:HMSO) Price Target to GBX 454

Hammerson (LON:HMSO) had its price objective increased by investment analysts at Citigroup from GBX 385 to GBX 454 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Citigroup’s price target suggests a potential upside of 18.60% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group reissued a “hold” rating and set a GBX 360 price objective on shares of Hammerson in a research report on Friday, July 31st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 448 price target on shares of Hammerson in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 378.57.

Hammerson Stock Up 0.6%

Shares of LON HMSO opened at GBX 382.80 on Wednesday. The firm has a market cap of £2.03 billion, a PE ratio of 9.50, a P/E/G ratio of 1.68 and a beta of 1.79. Hammerson has a 12-month low of GBX 264 and a 12-month high of GBX 391.80. The company’s fifty day simple moving average is GBX 359.01 and its 200 day simple moving average is GBX 342.77. The company has a quick ratio of 1.28, a current ratio of 1.00 and a debt-to-equity ratio of 86.37.

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

Hammerson Company Profile

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.