Hammerson (LON:HMSO) Hits New 52-Week High on Analyst Upgrade

Hammerson Plc (LON:HMSO) shares reached a new 52-week high during trading on Wednesday after Berenberg Bank raised their price target on the stock from GBX 405 to GBX 409. Berenberg Bank currently has a buy rating on the stock. Hammerson traded as high as GBX 354.20 and last traded at GBX 350.20, with a volume of 2320461 shares. The stock had previously closed at GBX 350.

HMSO has been the subject of several other research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 350 price target on shares of Hammerson in a research note on Friday, October 10th. Panmure Gordon restated a “buy” rating and issued a GBX 330 target price on shares of Hammerson in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft upped their target price on Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research note on Monday, November 24th. Finally, Jefferies Financial Group lifted their price target on shares of Hammerson from GBX 234 to GBX 245 and gave the stock an “underperform” rating in a research note on Tuesday, October 28th. Four investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 339.83.

Insider Transactions at Hammerson

In other Hammerson news, insider Rob Wilkinson bought 155,718 shares of Hammerson stock in a transaction dated Friday, December 19th. The shares were purchased at an average cost of GBX 323 per share, with a total value of £502,969.14. Also, insider Rita-Rose Gagné sold 279,905 shares of the company’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. Over the last three months, insiders sold 542,391 shares of company stock valued at $167,046,462. 10.20% of the stock is owned by insiders.

Hammerson Stock Performance

The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65. The business’s fifty day moving average price is GBX 324.18 and its 200-day moving average price is GBX 305.16. The stock has a market cap of £1.86 billion, a PE ratio of 25.01, a P/E/G ratio of 1.68 and a beta of 2.30.

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.