Hammerson (LON:HMSO) Sets New 12-Month High – Here’s Why

Hammerson Plc (LON:HMSO) reached a new 52-week high on Thursday . The company traded as high as GBX 373.96 and last traded at GBX 372.20, with a volume of 830980 shares traded. The stock had previously closed at GBX 368.60.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HMSO. The Goldman Sachs Group dropped their target price on Hammerson from GBX 361 to GBX 338 and set a “neutral” rating for the company in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Hammerson from GBX 320 to GBX 370 and gave the stock a “hold” rating in a report on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 346.71.

Hammerson Stock Up 0.8%

The stock has a market capitalization of £1.98 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 1.68 and a beta of 1.80. The company has a debt-to-equity ratio of 80.80, a current ratio of 4.26 and a quick ratio of 1.28. The business has a fifty day moving average of GBX 336.73 and a 200 day moving average of GBX 333.79.

Insider Buying and Selling

In other news, insider Himanshu Raja sold 58,428 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 335, for a total value of £195,733.80. 10.31% of the stock is 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.