Hammerson (LON:HMSO) Sets New 52-Week High After Analyst Upgrade

Hammerson Plc (LON:HMSO)’s share price hit a new 52-week high during mid-day trading on Wednesday after Berenberg Bank raised their price target on the stock from GBX 405 to GBX 409. Berenberg Bank currently has a buy rating on the stock. Hammerson traded as high as GBX 354.20 and last traded at GBX 350.20, with a volume of 2320461 shares traded. The stock had previously closed at GBX 350.

Several other research firms have also issued reports on HMSO. Panmure Gordon restated a “buy” rating and set a GBX 330 target price on shares of Hammerson in a research report on Monday, November 24th. Jefferies Financial Group upped their target price on shares of Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a research note on Tuesday, October 28th. Peel Hunt reissued a “buy” rating and issued a GBX 350 price target on shares of Hammerson in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a research report 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 company’s stock. Based on data from MarketBeat, Hammerson presently has a consensus rating of “Moderate Buy” and an average price target of GBX 339.83.

Insider Buying and Selling

In related news, insider Rita-Rose Gagné sold 279,905 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of GBX 308, for a total transaction of £862,107.40. Also, insider Rob Wilkinson acquired 155,718 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was bought at an average cost of GBX 323 per share, for a total transaction of £502,969.14. Over the last 90 days, insiders sold 542,391 shares of company stock valued at $167,046,462. Corporate insiders own 10.20% of the company’s stock.

Hammerson Stock Up 1.4%

The firm has a market capitalization of £1.88 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.68 and a beta of 2.30. The stock has a fifty day moving average of GBX 325.41 and a two-hundred day moving average of GBX 305.51. The company has a debt-to-equity ratio of 80.77, a current ratio of 10.65 and a quick ratio of 1.28.

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.