Hammerson (LON:HMSO) Hits New 12-Month High – What’s Next?

Hammerson Plc (LON:HMSO)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 379 and last traded at GBX 376.40, with a volume of 4453695 shares changing hands. The stock had previously closed at GBX 368.80.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 360 price target on shares of Hammerson in a research note on Friday. Berenberg Bank reissued a “buy” rating and set a GBX 448 price objective on shares of Hammerson in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 366.

Hammerson Stock Up 2.1%

The stock has a market cap of £2.00 billion, a P/E ratio of 8.18, a PEG ratio of 1.68 and a beta of 1.79. The company has a quick ratio of 1.28, a current ratio of 4.26 and a debt-to-equity ratio of 80.80. The business has a 50-day simple moving average of GBX 356.22 and a 200-day simple moving average of GBX 341.84.

Hammerson (LON:HMSO) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a net margin of 109.58% and a return on equity of 11.77%. Analysts expect that Hammerson Plc will post 20.7491639 EPS for the current year.

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.