Hammerson (LON:HMSO) Shares Pass Above 200 Day Moving Average – Here’s Why

Hammerson Plc (LON:HMSOGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 331.88 and traded as high as GBX 352. Hammerson shares last traded at GBX 347.80, with a volume of 30,150,295 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HMSO shares. Deutsche Bank Aktiengesellschaft raised their price objective on Hammerson from GBX 320 to GBX 370 and gave the company a “hold” rating in a research report on Friday, March 20th. The Goldman Sachs Group lowered their price objective on Hammerson from GBX 361 to GBX 338 and set a “neutral” rating for the company in a research note on Monday, March 30th. Four investment 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 346.71.

Get Our Latest Analysis on Hammerson

Hammerson Stock Down 0.5%

The stock has a 50 day simple moving average of GBX 330.23 and a 200-day simple moving average of GBX 331.88. The firm has a market cap of £1.84 billion, a PE ratio of 7.56, a PEG ratio of 1.68 and a beta of 1.80. The company has a debt-to-equity ratio of 80.80, a current ratio of 4.26 and a quick ratio of 1.28.

Insider Transactions at Hammerson

In other Hammerson news, insider Himanshu Raja sold 58,428 shares of Hammerson stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 335, for a total transaction of £195,733.80. Insiders own 10.31% of the company’s stock.

About Hammerson

(Get Free Report)

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.

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