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

Shares of Hammerson Plc (LON:HMSO) passed 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 trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a report on Monday, November 24th. Berenberg Bank boosted their price target on Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a report on Tuesday, January 27th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 330 price objective on shares of Hammerson in a research report 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 339.83.

Hammerson Trading Down 0.4%

The stock has a market cap of £1.81 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 1.68 and a beta of 1.81. The company has a debt-to-equity ratio of 80.80, a quick ratio of 1.28 and a current ratio of 4.26. The company has a 50 day moving average of GBX 347 and a two-hundred day moving average of GBX 316.44.

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

Insider Buying and Selling

In related news, insider Rita-Rose Gagné sold 279,905 shares of Hammerson stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of GBX 308, for a total value of £862,107.40. Also, insider Rob Wilkinson purchased 155,718 shares of the business’s 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. Insiders have sold a total of 542,391 shares of company stock worth $167,046,462 in the last quarter. Insiders own 10.28% 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.