Hammerson (LON:HMSO) Reaches New 12-Month High – What’s Next?

Hammerson Plc (LON:HMSO)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 362.60 and last traded at GBX 361, with a volume of 701031 shares trading hands. The stock had previously closed at GBX 358.80.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a report on Monday, November 24th. Berenberg Bank lifted their price target on Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Jefferies Financial Group upped their price objective on Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a report on Tuesday, October 28th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 330 target price on shares of Hammerson in a research note on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 339.83.

Hammerson Stock Down 0.3%

The stock has a fifty day moving average of GBX 339.49 and a 200-day moving average of GBX 312.50. The firm has a market capitalization of £1.90 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.68 and a beta of 2.30. The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77.

Insider Activity

In other news, insider Rob Wilkinson purchased 155,718 shares of Hammerson stock in a transaction that occurred on Friday, December 19th. The stock was acquired at an average price of GBX 323 per share, for a total transaction of £502,969.14. Also, insider Rita-Rose Gagné sold 126,260 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of GBX 309, for a total transaction of £390,143.40. In the last 90 days, insiders have sold 542,391 shares of company stock worth $167,046,462. Corporate insiders own 10.27% of the company’s stock.

Hammerson Company Profile

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.