Hammerson (OTCMKTS:HMSNF) Hits New 1-Year High – Here’s Why

Hammerson PLC (OTCMKTS:HMSNF)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.70 and last traded at $4.70, with a volume of 7628 shares changing hands. The stock had previously closed at $3.90.

Analyst Upgrades and Downgrades

HMSNF has been the topic of a number of analyst reports. Jefferies Financial Group raised Hammerson to a “hold” rating in a research report on Monday. The Goldman Sachs Group restated a “neutral” rating on shares of Hammerson in a research note on Friday, December 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hammerson in a research report on Monday, November 24th. Finally, Barclays restated an “overweight” rating on shares of Hammerson in a research report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hammerson has an average rating of “Hold”.

Hammerson Price Performance

The company has a fifty day moving average price of $4.20 and a 200-day moving average price of $4.01.

About Hammerson

Hammerson PLC is a UK-based real estate investment trust that specializes in owning, managing and developing retail property assets. Its portfolio encompasses shopping centres, retail parks and outlet destinations, catering to a diverse mix of fashion, leisure and convenience retailers. The company’s assets are designed to deliver high-quality experiences for consumers while generating consistent rental income from a broad tenant base.

With a primary focus on the United Kingdom and Ireland, Hammerson also maintains a presence across key European markets, including France and Germany.