Hammerson (OTCMKTS:HMSNF) Reaches New 12-Month High – Should You Buy?

Hammerson PLC (OTCMKTS:HMSNF) reached a new 52-week high during trading on Friday . The company traded as high as $4.70 and last traded at $4.70, with a volume of 7628 shares changing hands. The stock had previously closed at $3.90.

Analyst Ratings Changes

A number of brokerages have recently commented on HMSNF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hammerson in a research note on Monday, November 24th. Barclays reaffirmed an “overweight” rating on shares of Hammerson in a research note on Monday, December 8th. The Goldman Sachs Group reissued a “neutral” rating on shares of Hammerson in a research report on Friday, December 5th. Finally, Jefferies Financial Group upgraded shares of Hammerson to a “hold” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Hammerson Stock Performance

The firm’s 50-day simple moving average is $4.22 and its 200 day simple moving average is $4.02.

Hammerson Company Profile

Hammerson PLC is a UK-based real estate investment trust that specializes in owning, managing and developing retail property assets. Its portfolio encompasses shopping centres, retail parks and outlet destinations, catering to a diverse mix of fashion, leisure and convenience retailers. The company’s assets are designed to deliver high-quality experiences for consumers while generating consistent rental income from a broad tenant base.

With a primary focus on the United Kingdom and Ireland, Hammerson also maintains a presence across key European markets, including France and Germany.