Hammerson (LON:HMSO) Price Target Cut to GBX 423 by Analysts at Berenberg Bank

Hammerson (LON:HMSO) had its price target cut by equities research analysts at Berenberg Bank from GBX 448 to GBX 423 in a report released on Tuesday, London Stock Exchange reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s target price would indicate a potential upside of 26.87% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Citigroup upped their price objective on Hammerson from GBX 385 to GBX 454 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Hammerson from GBX 370 to GBX 395 and gave the company a “hold” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 360 price target on shares of Hammerson in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Hammerson presently has an average rating of “Moderate Buy” and a consensus target price of GBX 378.57.

Hammerson Stock Down 1.6%

Shares of HMSO stock opened at GBX 333.40 on Tuesday. Hammerson has a 12 month low of GBX 280.40 and a 12 month high of GBX 391.80. The stock has a market cap of £1.94 billion, a P/E ratio of 8.27, a P/E/G 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. The company has a 50 day simple moving average of GBX 370.37 and a two-hundred day simple moving average of GBX 346.84.

Hammerson (LON:HMSO) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 earnings per share for the quarter. Hammerson had a net margin of 86.23% and a return on equity of 11.84%. On average, research analysts expect that Hammerson will post 20.7491639 earnings per share for the current year.

Insider Activity

In other news, insider Rob Wilkinson acquired 478 shares of Hammerson stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of GBX 376 per share, with a total value of £1,797.28. Company insiders own 9.38% 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.