Hammerson (LON:HMSO) Sets New 12-Month High – What’s Next?

Hammerson Plc (LON:HMSOGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 373.96 and last traded at GBX 372.20, with a volume of 830980 shares trading hands. The stock had previously closed at GBX 368.60.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on Hammerson

Hammerson Trading Up 0.7%

The company has a debt-to-equity ratio of 80.80, a quick ratio of 1.28 and a current ratio of 4.26. The stock has a market capitalization of £1.97 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.68 and a beta of 1.80. The business’s 50-day moving average is GBX 334.99 and its two-hundred day moving average is GBX 333.14.

Insider Buying and Selling at Hammerson

In other news, insider Himanshu Raja sold 58,428 shares of Hammerson stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of GBX 335, for a total value of £195,733.80. 10.31% of the stock is currently owned by insiders.

Hammerson Company Profile

(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.

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