Hammerson (LON:HMSO) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Hammerson Plc (LON:HMSO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Hammerson from GBX 361 to GBX 338 and set a “neutral” rating for the company in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hammerson from GBX 320 to GBX 370 and gave the company a “hold” rating in a research note on Friday, March 20th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 346.71.

Hammerson Stock Performance

The company has a quick ratio of 1.28, a current ratio of 4.26 and a debt-to-equity ratio of 80.80. The company has a market cap of £1.82 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 1.68 and a beta of 1.80. The stock has a 50 day moving average price of GBX 332.01 and a two-hundred day moving average price of GBX 332.18.

Insider Activity at Hammerson

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

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.