Hammerson (LON:HMSO) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Hammerson Plc (LON:HMSO)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 303.42 and traded as high as GBX 334.20. Hammerson shares last traded at GBX 331.60, with a volume of 382,091 shares trading hands.

Analyst Upgrades and Downgrades

HMSO has been the subject of a number of recent analyst reports. Peel Hunt restated a “buy” rating and set a GBX 350 price target on shares of Hammerson in a report on Friday, October 10th. Jefferies Financial Group increased their price objective 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 restated a “buy” rating and issued a GBX 330 target price on shares of Hammerson in a research report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 326.

Hammerson Stock Performance

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 firm has a 50-day moving average price of GBX 320.60 and a 200 day moving average price of GBX 303.42. The firm has a market capitalization of £1.75 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30.

Insider Transactions at Hammerson

In other Hammerson news, insider Rita-Rose Gagné sold 279,905 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of GBX 308, for a total transaction of £862,107.40. Also, insider Rob Wilkinson purchased 155,718 shares of Hammerson stock in a transaction dated Friday, December 19th. The shares were acquired at an average cost of GBX 323 per share, for a total transaction of £502,969.14. Insiders have sold a total of 542,391 shares of company stock valued at $167,046,462 over the last 90 days. 10.20% of the stock is currently 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.