Hammerson (LON:HMSO) Sets New 52-Week High – Time to Buy?

Hammerson Plc (LON:HMSO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 373.96 and last traded at GBX 372.20, with a volume of 830980 shares traded. The stock had previously closed at GBX 368.60.

Analysts Set New Price Targets

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

Hammerson Trading Up 0.7%

The company has a quick ratio of 1.28, a current ratio of 4.26 and a debt-to-equity ratio of 80.80. The business’s fifty day moving average is GBX 334.99 and its 200 day moving average is GBX 333.14. The stock has a market cap of £1.97 billion, a PE ratio of 8.07, a P/E/G ratio of 1.68 and a beta of 1.80.

Insider Activity at Hammerson

In other news, insider Himanshu Raja sold 58,428 shares of the business’s stock in a transaction that occurred on 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 owned by company 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.