Hammerson (LON:HMSO) Price Target Raised to GBX 409 at Berenberg Bank

Hammerson (LON:HMSO) had its price target lifted by Berenberg Bank from GBX 405 to GBX 409 in a report released on Tuesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the real estate investment trust’s stock.

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

Hammerson Stock Up 0.1%

Shares of HMSO stock opened at GBX 350.20 on Tuesday. Hammerson has a 52-week low of GBX 219.20 and a 52-week high of GBX 354.20. The stock has a market cap of £1.86 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.68 and a beta of 2.30. The firm’s 50-day moving average is GBX 324.18 and its 200-day moving average is GBX 305.16. The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65.

Insider Buying and Selling at Hammerson

In related news, insider Rita-Rose Gagné sold 279,905 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of GBX 308, for a total value of £862,107.40. Also, insider Rob Wilkinson purchased 155,718 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were acquired at an average cost of GBX 323 per share, for a total transaction of £502,969.14. Insiders have sold a total of 542,391 shares of company stock worth $167,046,462 in the last quarter. Company 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.