Hammerson (LON:HMSO) Reaches New 1-Year High – Still a Buy?

Hammerson Plc (LON:HMSO – Get Free Report)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 375 and last traded at GBX 373.40, with a volume of 363102 shares. The stock had previously closed at GBX 371.80.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hammerson from GBX 320 to GBX 370 and gave the company a “hold” rating in a report on Friday, March 20th. The Goldman Sachs Group lowered their target price on shares of Hammerson from GBX 361 to GBX 338 and set a “neutral” rating for the company in a report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 346.71.

Get Hammerson alerts:

Check Out Our Latest Stock Analysis on Hammerson

Hammerson Stock Up 0.5%

The firm has a 50 day simple moving average of GBX 339.43 and a two-hundred day simple moving average of GBX 335.70. The company has a debt-to-equity ratio of 80.80, a current ratio of 4.26 and a quick ratio of 1.28. The stock has a market cap of £1.98 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.68 and a beta of 1.80.

Insider Activity

In other news, insider Himanshu Raja sold 58,428 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 335, for a total value of £195,733.80. Insiders own 10.31% of the company’s stock.

About Hammerson

(Get Free Report)

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.

Read More

• Five stocks we like better than Hammerson
• AST SpaceMobile’s Japan Catalyst Puts Its Rollout Story Back in Focus
• Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026
• Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
• Why Kroger’s Giant Eagle Deal Could Change Everything

Receive News & Ratings for Hammerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hammerson and related companies with MarketBeat.com's FREE daily email newsletter.