Hammerson (LON:HMSO) Reaches New 1-Year High – Still a Buy?

Hammerson Plc (LON:HMSO) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 328.60 and last traded at GBX 325.80, with a volume of 2808343 shares. The stock had previously closed at GBX 320.

Analysts Set New Price Targets

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

Hammerson Trading Down 0.9%

The company has a 50 day simple moving average of GBX 307.73 and a two-hundred day simple moving average of GBX 297.14. The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65. The firm has a market cap of £1.68 billion, a PE ratio of 22.64, a P/E/G ratio of 1.68 and a beta of 2.30.

Insider Buying and Selling

In other news, insider Rita-Rose Gagné sold 136,226 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of GBX 307, for a total transaction of £418,213.82. Corporate insiders own 10.20% of the company’s stock.

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.