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

Hammerson Plc (LON:HMSO)’s share price hit 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 changing hands. The stock had previously closed at GBX 350.

HMSO has been the subject of a number of other reports. Panmure Gordon reiterated a “buy” rating and issued a GBX 330 target price on shares of Hammerson in a research report on Monday, November 24th. Peel Hunt reiterated a “buy” rating and issued a GBX 350 target price on shares of Hammerson in a report on Friday, October 10th. Jefferies Financial Group upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 339.83.

Insider Transactions at Hammerson

In related news, insider Rob Wilkinson acquired 155,718 shares of Hammerson stock in a transaction on Friday, December 19th. The stock was 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 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. In the last three months, insiders have sold 542,391 shares of company stock worth $167,046,462. Corporate insiders own 10.20% of the company’s stock.

Hammerson Stock Performance

The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77. The firm has a market capitalization of £1.90 billion, a PE ratio of 25.61, a PEG ratio of 1.68 and a beta of 2.30. The stock’s 50 day moving average price is GBX 326.81 and its two-hundred day moving average price is GBX 305.87.

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.