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

Shares of Hammerson Plc (LON:HMSOGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 333.14 and traded as high as GBX 368.62. Hammerson shares last traded at GBX 368.60, with a volume of 154,068,125 shares.

Analyst Upgrades and Downgrades

HMSO has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hammerson from GBX 320 to GBX 370 and gave the stock a “hold” rating in a report on Friday, March 20th. The Goldman Sachs Group cut their target price 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 analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 346.71.

Check Out Our Latest Research Report on Hammerson

Hammerson Price Performance

The company has a market cap of £1.95 billion, a PE ratio of 8.01, a PEG ratio of 1.68 and a beta of 1.80. The company’s 50-day simple moving average is GBX 334.99 and its 200 day simple moving average is GBX 333.14. The company has a debt-to-equity ratio of 80.80, a quick ratio of 1.28 and a current ratio of 4.26.

Insider Activity at Hammerson

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

Hammerson Company Profile

(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.

Further Reading

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