Hammerson (LON:HMSO) Sets New 52-Week High – Here’s What Happened

Hammerson Plc (LON:HMSO) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 329.40 and last traded at GBX 329.40, with a volume of 833694 shares changing hands. The stock had previously closed at GBX 326.

Wall Street Analyst Weigh In

A number of brokerages have commented on HMSO. Panmure Gordon reissued a “buy” rating and set a GBX 330 price objective on shares of Hammerson in a report on Monday, November 24th. Jefferies Financial Group increased their target price on shares of Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft increased their price objective on Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a report on Monday, November 24th. Finally, Peel Hunt restated a “buy” rating and set a GBX 350 price target on shares of Hammerson in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hammerson has a consensus rating of “Hold” and an average target price of GBX 326.

Hammerson Trading Up 1.0%

The firm has a market cap of £1.74 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30. The stock has a 50-day simple moving average of GBX 311.37 and a two-hundred day simple moving average of GBX 298.82. The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65.

Insider Transactions at Hammerson

In other Hammerson news, insider Rob Wilkinson bought 155,718 shares of Hammerson stock in a transaction on Friday, December 19th. The stock was acquired at an average cost of GBX 323 per share, with a total value of £502,969.14. Also, insider Rita-Rose Gagné sold 126,260 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of GBX 309, for a total value of £390,143.40. Over the last 90 days, insiders have sold 542,391 shares of company stock valued at $167,046,462. Corporate insiders own 10.20% of the company’s stock.

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.