Hammerson (LON:HMSO) Insider Purchases 478 Shares of Stock

Hammerson Plc (LON:HMSO) insider Rob Wilkinson acquired 478 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of GBX 376 per share, with a total value of £1,797.28.

Hammerson Stock Performance

HMSO traded up GBX 6.60 during trading on Thursday, reaching GBX 386.60. The company’s stock had a trading volume of 27,730,078 shares, compared to its average volume of 7,797,865. Hammerson Plc has a 52-week low of GBX 264 and a 52-week high of GBX 391.80. The company has a debt-to-equity ratio of 86.37, a quick ratio of 1.28 and a current ratio of 1.00. The company’s fifty day moving average price is GBX 363.33 and its 200-day moving average price is GBX 344.45. The company has a market capitalization of £2.26 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79.

Hammerson (LON:HMSO) last released 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 return on equity of 11.84% and a net margin of 86.23%. On average, equities analysts forecast that Hammerson Plc will post 20.7491639 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HMSO has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 360 target price on shares of Hammerson in a research report on Friday, July 31st. Berenberg Bank restated a “buy” rating and set a GBX 448 target price on shares of Hammerson in a report on Thursday, July 30th. Citigroup raised their target price on Hammerson from GBX 385 to GBX 454 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hammerson from GBX 370 to GBX 395 and gave the company a “hold” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 382.14.

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.