Hammerson (LON:HMSO) Sets New 52-Week High – Should You Buy?

Hammerson Plc (LON:HMSO)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 371.40 and last traded at GBX 370.80, with a volume of 4599331 shares traded. The stock had previously closed at GBX 349.

Analyst Ratings Changes

Several equities analysts have weighed in on HMSO shares. Panmure Gordon reissued a “buy” rating and set a GBX 330 price target on shares of Hammerson in a research report on Monday, November 24th. Berenberg Bank lifted their price target on shares of Hammerson from GBX 405 to GBX 409 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a research note on Monday, November 24th. Four research 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. According to MarketBeat, Hammerson presently has an average rating of “Moderate Buy” and a consensus target price of GBX 339.83.

Hammerson Stock Performance

The stock’s fifty day simple moving average is GBX 344.42 and its two-hundred day simple moving average is GBX 314.61. The company has a market cap of £1.95 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30. The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65.

Hammerson (LON:HMSO) last issued its earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 earnings per share for the quarter. Hammerson had a negative return on equity of 25.94% and a negative net margin of 346.30%. Equities research analysts anticipate that Hammerson Plc will post 20.7491639 EPS for the current year.

Insider Transactions at Hammerson

In other Hammerson news, insider Rita-Rose Gagné sold 279,905 shares of Hammerson stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of GBX 308, for a total transaction of £862,107.40. Also, insider Rob Wilkinson acquired 155,718 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were acquired at an average price of GBX 323 per share, with a total value of £502,969.14. Over the last 90 days, insiders sold 542,391 shares of company stock worth $167,046,462. Company insiders own 10.27% of the company’s stock.

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.