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

Hammerson Plc (LON:HMSO)’s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 375 and last traded at GBX 373.40, with a volume of 363102 shares. The stock had previously closed at GBX 371.80.

Analyst Ratings Changes

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

Hammerson Price Performance

The company has a market capitalization of £1.98 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.68 and a beta of 1.80. The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80. The company has a 50 day moving average price of GBX 339.43 and a 200 day moving average price of GBX 335.70.

Insider Buying and Selling

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