Hammerson (LON:HMSO) Price Target Cut to GBX 338 by Analysts at The Goldman Sachs Group

Hammerson (LON:HMSO) had its price target decreased by The Goldman Sachs Group from GBX 361 to GBX 338 in a research note released on Monday,London Stock Exchange reports. The Goldman Sachs Group currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently weighed in on HMSO. Berenberg Bank upped their price target on Hammerson from GBX 405 to GBX 409 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Hammerson from GBX 320 to GBX 370 and gave the company a “hold” rating in a research report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hammerson presently has an average rating of “Hold” and a consensus target price of GBX 346.71.

Hammerson Price Performance

HMSO opened at GBX 293.80 on Monday. The company has a fifty day moving average of GBX 341.39 and a two-hundred day moving average of GBX 320.74. The stock has a market capitalization of £1.56 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 1.68 and a beta of 1.81. Hammerson has a fifty-two week low of GBX 219.20 and a fifty-two week high of GBX 373. The company has a debt-to-equity ratio of 80.80, a quick ratio of 1.28 and a current ratio of 4.26.

Hammerson (LON:HMSO) last posted its earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 earnings per share (EPS) for the quarter. Hammerson had a net margin of 109.58% and a return on equity of 11.77%. On average, research analysts expect that Hammerson will post 20.7491639 earnings per share for the current year.

Insider Transactions at Hammerson

In other Hammerson news, insider Rob Wilkinson sold 72,328 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was 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.