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

Hammerson Plc (LON:HMSO) reached a new 52-week high on Friday . The stock traded as high as GBX 379 and last traded at GBX 376.40, with a volume of 4453695 shares. The stock had previously closed at GBX 368.80.

Analyst Upgrades and Downgrades

HMSO has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 448 target price on shares of Hammerson in a report on Thursday. Jefferies Financial Group reiterated a “hold” rating and set a GBX 360 price target on shares of Hammerson in a report on Friday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 366.

Hammerson Stock Performance

The firm’s fifty day moving average price is GBX 356.22 and its 200-day moving average price is GBX 341.84. The company has a market cap of £2.00 billion, a P/E ratio of 8.18, a P/E/G ratio of 1.68 and a beta of 1.79. The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80.

Hammerson (LON:HMSO) last released its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 earnings per share for the quarter. Hammerson had a net margin of 109.58% and a return on equity of 11.77%. As a group, research analysts forecast that Hammerson Plc will post 20.7491639 EPS for the current fiscal year.

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.