Hammerson (LON:HMSO) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Hammerson Plc (LON:HMSO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 340.05 and traded as high as GBX 371.20. Hammerson shares last traded at GBX 370, with a volume of 727,753 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut their target price on shares of Hammerson from GBX 361 to GBX 338 and set a “neutral” rating for the company in a report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 346.71.

Hammerson Trading Down 0.8%

The company has a market cap of £1.96 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79. The company has a debt-to-equity ratio of 80.80, a current ratio of 4.26 and a quick ratio of 1.28. The company has a 50-day moving average of GBX 348.69 and a 200 day moving average of GBX 340.05.

Insider Activity

In other news, insider Himanshu Raja sold 58,428 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 335, for a total value of £195,733.80. 10.31% of the stock is owned by insiders.

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.