Hammerson (LON:HMSO) Sets New 12-Month High – Time to Buy?

Hammerson Plc (LON:HMSO) shares hit a new 52-week high on Monday . The stock traded as high as GBX 331.40 and last traded at GBX 330.40, with a volume of 520845 shares trading hands. The stock had previously closed at GBX 326.60.

Wall Street Analyst Weigh In

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

Hammerson Price Performance

The firm has a fifty day simple moving average of GBX 314.75 and a 200 day simple moving average of GBX 300.66. The company has a market capitalization of £1.81 billion, a PE ratio of 24.46, a P/E/G ratio of 1.68 and a beta of 2.30. 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 Activity

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

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. Our assets are high profile and play an important role in our communities, welcoming c.