Hammerson (LON:HMSO) Reaches New 1-Year High – Still a Buy?

Hammerson Plc (LON:HMSO) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 318 and last traded at GBX 313.20, with a volume of 34916914 shares changing hands. The stock had previously closed at GBX 316.20.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HMSO shares. Jefferies Financial Group boosted their price target on shares of Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a report on Tuesday, October 28th. Peel Hunt reissued a “buy” rating and set a GBX 350 price objective on shares of Hammerson in a report on Friday, October 10th. Finally, Citigroup reduced their price objective on shares of Hammerson from GBX 421 to GBX 385 and set a “buy” rating for the company in a research note on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 326.67.

Hammerson Trading Up 0.3%

The firm has a market capitalization of £1.66 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77. The company’s 50-day simple moving average is GBX 295.31 and its 200 day simple moving average is GBX 288.92.

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.