Hammerson (LON:HMSO) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Hammerson Plc (LON:HMSO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 316.09 and traded as high as GBX 351.20. Hammerson shares last traded at GBX 344.30, with a volume of 1,212,009 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HMSO. Berenberg Bank increased their target price on shares of Hammerson from GBX 405 to GBX 409 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research report on Monday, November 24th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 330 target price on shares of Hammerson in a research note on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 339.83.

Hammerson Price Performance

The stock has a market capitalization of £1.83 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.81. The business’s 50 day simple moving average is GBX 346.58 and its two-hundred day simple moving average is GBX 316.09. The company has a quick ratio of 1.28, a current ratio of 4.26 and a debt-to-equity ratio of 80.80.

Hammerson (LON:HMSO) last posted its earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 earnings per share for the quarter. Hammerson had a net margin of 268.95% and a return on equity of 11.77%. As a group, sell-side analysts forecast that Hammerson Plc will post 20.7491639 earnings per share for the current fiscal year.

Insider Activity at Hammerson

In related news, insider Rita-Rose Gagné sold 126,260 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of GBX 309, for a total transaction of £390,143.40. Also, insider Rob Wilkinson purchased 155,718 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was bought at an average cost of GBX 323 per share, with a total value of £502,969.14. Over the last three months, insiders sold 542,391 shares of company stock valued at $167,046,462. Company insiders own 10.27% of the company’s stock.

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.