Hammerson (LON:HMSO) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Hammerson Plc (LON:HMSO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 326.16 and traded as high as GBX 333.60. Hammerson shares last traded at GBX 323.37, with a volume of 866,831 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HMSO shares. Berenberg Bank lifted their price target 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 lifted their price target on shares of Hammerson from GBX 320 to GBX 370 and gave the stock a “hold” rating in a research note on Friday, March 20th. Finally, The Goldman Sachs Group dropped their price target on shares of Hammerson from GBX 361 to GBX 338 and set a “neutral” rating on the stock 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 346.71.

Hammerson Stock Performance

The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80. The business’s 50 day moving average is GBX 327.61 and its two-hundred day moving average is GBX 326.16. The company has a market cap of £1.74 billion, a PE ratio of 7.13, a PEG ratio of 1.68 and a beta of 1.81.

Hammerson (LON:HMSO) last released 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 109.58% and a return on equity of 11.77%. On average, equities research analysts anticipate that Hammerson Plc will post 20.7491639 EPS for the current year.

Insiders Place Their Bets

In related news, insider Rob Wilkinson sold 72,328 shares of Hammerson stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of GBX 331, for a total transaction of £239,405.68. Also, insider Himanshu Raja sold 58,428 shares of Hammerson stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of GBX 335, for a total transaction of £195,733.80. 10.28% of the stock is currently 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.