Hammerson (LON:HMSO) Sets New 1-Year High – Time to Buy?

Hammerson Plc (LON:HMSO) shares hit a new 52-week high on Friday . The stock traded as high as GBX 362.60 and last traded at GBX 361, with a volume of 701031 shares changing hands. The stock had previously closed at GBX 358.80.

Analyst Ratings Changes

Several equities analysts have recently commented on HMSO shares. Jefferies Financial Group upped their price objective 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. Deutsche Bank Aktiengesellschaft upped their price target on Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a research report on Monday, November 24th. Berenberg Bank boosted their target price on Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 330 price objective on shares of Hammerson in a research report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hammerson has an average rating of “Moderate Buy” and a consensus target price of GBX 339.83.

Hammerson Trading Up 0.4%

The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77. The company has a market cap of £1.91 billion, a PE ratio of 25.74, a PEG ratio of 1.68 and a beta of 2.30. The stock has a 50 day moving average price of GBX 338.51 and a 200 day moving average price of GBX 312.02.

Insider Activity

In other 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 value of £862,107.40. Also, insider Rob Wilkinson acquired 155,718 shares of Hammerson stock in a transaction that occurred on Friday, December 19th. The shares were bought at an average cost of GBX 323 per share, with a total value of £502,969.14. Over the last quarter, insiders sold 542,391 shares of company stock valued at $167,046,462. 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.