Hammerson (LON:HMSO) Reaches New 12-Month High – Should You Buy?

Hammerson Plc (LON:HMSO) shares reached a new 52-week high on Thursday . The company traded as high as GBX 371.40 and last traded at GBX 370.80, with a volume of 4599331 shares trading hands. The stock had previously closed at GBX 349.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HMSO. Berenberg Bank raised their price target on Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft increased their target price on Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research report on Monday, November 24th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 330 target price on shares of Hammerson in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hammerson presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 339.83.

Hammerson Price Performance

The firm has a market cap of £1.95 billion, a PE ratio of 26.27, a PEG ratio of 1.68 and a beta of 2.30. The firm has a fifty day simple moving average of GBX 342.43 and a two-hundred day simple moving average of GBX 313.74. The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65.

Hammerson (LON:HMSO) last issued its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported GBX 46 earnings per share (EPS) for the quarter. Hammerson had a negative return on equity of 25.94% and a negative net margin of 346.30%. Equities analysts predict that Hammerson Plc will post 20.7491639 EPS for the current fiscal year.

Insider Buying and Selling at Hammerson

In other Hammerson news, insider Rob Wilkinson bought 155,718 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were purchased at an average cost of GBX 323 per share, for a total transaction of £502,969.14. Also, insider Rita-Rose Gagné sold 279,905 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of GBX 308, for a total transaction of £862,107.40. Insiders have sold 542,391 shares of company stock valued at $167,046,462 in the last quarter. 10.27% of the stock is owned by company insiders.

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.