Deutsche Bank Aktiengesellschaft Boosts Hammerson (LON:HMSO) Price Target to GBX 370

Hammerson (LON:HMSO) had its target price hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 320 to GBX 370 in a note issued to investors on Friday, Marketbeat reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 14.76% from the company’s previous close.

A number of other equities research analysts also recently issued reports on HMSO. Berenberg Bank upped their price objective on Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Panmure Gordon reiterated a “buy” rating and issued a GBX 330 target price on shares of Hammerson in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hammerson currently has a consensus rating of “Moderate Buy” and an average target price of GBX 348.17.

Hammerson Stock Up 0.1%

Shares of LON HMSO opened at GBX 322.40 on Friday. The firm’s 50-day moving average price is GBX 345.40 and its 200-day moving average price is GBX 319.29. The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80. The stock has a market capitalization of £1.71 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 1.68 and a beta of 1.81. Hammerson has a 12-month low of GBX 219.20 and a 12-month high of GBX 373.

Hammerson (LON:HMSO) last announced its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 EPS for the quarter. Hammerson had a net margin of 268.95% and a return on equity of 11.77%. On average, equities research analysts anticipate that Hammerson will post 20.7491639 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Rob Wilkinson sold 72,328 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 331, for a total transaction of £239,405.68. Insiders own 10.28% 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.