Hammerson Plc (LON:HMSO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Hammerson Plc (LON:HMSO) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 339.83.

Several research analysts have recently issued reports on the stock. Berenberg Bank raised their target price on shares of Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a report on Monday, November 24th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 330 target price on shares of Hammerson in a report on Monday, November 24th. Finally, Jefferies Financial Group upped their target price 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.

Insider Activity

In other Hammerson news, insider Rita-Rose Gagné sold 279,905 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of GBX 308, for a total transaction of £862,107.40. Also, insider Rob Wilkinson purchased 155,718 shares of the stock in a transaction dated Friday, December 19th. The stock was bought at an average cost of GBX 323 per share, with a total value of £502,969.14. Insiders sold 542,391 shares of company stock worth $167,046,462 in the last three months. Insiders own 10.27% of the company’s stock.

Hammerson Price Performance

Hammerson stock opened at GBX 357.80 on Friday. The business’s 50-day simple moving average is GBX 339.49 and its 200 day simple moving average is GBX 312.41. The stock has a market cap of £1.90 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.68 and a beta of 2.30. Hammerson has a 12-month low of GBX 219.20 and a 12-month high of GBX 362.60. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77.

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.