Hammerson (LON:HMSO) Insider Sells £862,107.40 in Stock

Hammerson Plc (LON:HMSO) insider Rita-Rose Gagné sold 279,905 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of GBX 308, for a total value of £862,107.40.

Hammerson Price Performance

HMSO traded up GBX 1 during midday trading on Thursday, reaching GBX 307.40. 19,525,873 shares of the company’s stock were exchanged, compared to its average volume of 1,919,121. The business’s 50-day moving average price is GBX 305.02 and its 200 day moving average price is GBX 295.87. The stock has a market capitalization of £1.63 billion, a PE ratio of 21.96, a P/E/G ratio of 1.68 and a beta of 2.30. The company has a debt-to-equity ratio of 80.77, a current ratio of 10.65 and a quick ratio of 1.28. Hammerson Plc has a 1-year low of GBX 219.20 and a 1-year high of GBX 327.80.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HMSO shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 350 price target on shares of Hammerson in a research note on Friday, October 10th. Jefferies Financial Group boosted their price target on Hammerson from GBX 234 to GBX 245 and gave the stock an “underperform” rating in a research report on Tuesday, October 28th. Panmure Gordon reiterated a “buy” rating and set a GBX 330 price target on shares of Hammerson in a research report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a research report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hammerson currently has an average rating of “Hold” and a consensus target price of GBX 326.

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.