Hammerson Plc (LON:HMSO – Get Free Report)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group cut their price objective 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 equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hammerson has an average rating of “Hold” and an average price target of GBX 346.71.
Hammerson Trading Up 0.8%
Insider Transactions at Hammerson
In other Hammerson news, insider Himanshu Raja sold 58,428 shares of the firm’s stock in a transaction 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 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.
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