Hammerson (LON:HMSO) Reaches New 52-Week High – Here’s Why

Hammerson Plc (LON:HMSO)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 318 and last traded at GBX 313.20, with a volume of 34916914 shares traded. The stock had previously closed at GBX 316.20.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Hammerson from GBX 421 to GBX 385 and set a “buy” rating for the company in a research note on Monday, July 28th. Jefferies Financial Group increased their price target on Hammerson from GBX 234 to GBX 245 and gave the stock an “underperform” rating in a report on Tuesday, October 28th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 350 price target on shares of Hammerson in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 326.67.

Hammerson Stock Up 0.3%

The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77. The stock has a market cap of £1.66 billion, a P/E ratio of 22.44, a P/E/G ratio of 1.68 and a beta of 2.30. The company’s 50 day moving average price is GBX 295.31 and its two-hundred day moving average price is GBX 288.92.

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.