Hammerson (LON:HMSO) Reaches New 12-Month High – Still a Buy?

Shares of Hammerson Plc (LON:HMSO) reached a new 52-week high on Friday . The company traded as high as GBX 316.60 and last traded at GBX 310.20, with a volume of 643407 shares trading hands. The stock had previously closed at GBX 311.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup dropped their price objective on Hammerson from GBX 421 to GBX 385 and set a “buy” rating on the stock in a research note on Monday, July 28th. Peel Hunt reissued a “buy” rating and issued a GBX 350 target price on shares of Hammerson in a research note on Friday, October 10th. Finally, Jefferies Financial Group upped their price target on shares of Hammerson from GBX 234 to GBX 245 and gave the stock an “underperform” rating in a research report on Tuesday, October 28th. 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.com, Hammerson presently has an average rating of “Hold” and an average target price of GBX 326.67.

Hammerson Stock Performance

The stock has a market capitalization of £1.63 billion, a P/E ratio of 22.03, a PEG ratio of 1.68 and a beta of 2.30. The stock’s 50-day simple moving average is GBX 292.69 and its 200 day simple moving average is GBX 287.01. The company has a debt-to-equity ratio of 80.77, a current ratio of 10.65 and a quick ratio of 1.28.

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.