Hammerson (LON:HMSO) Stock Breaks Below 200 Day Moving Average – Here’s Why

Hammerson Plc (LON:HMSO)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 347.01 and traded as low as GBX 324.40. Hammerson shares last traded at GBX 326.80, with a volume of 404,506 shares.

Analyst Upgrades and Downgrades

HMSO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hammerson from GBX 370 to GBX 395 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Jefferies Financial Group reissued a “hold” rating and set a GBX 375 price objective on shares of Hammerson in a report on Monday, October 5th. Berenberg Bank lowered their target price on shares of Hammerson from GBX 448 to GBX 423 and set a “buy” rating on the stock in a research note on Tuesday, September 15th. Finally, Citigroup raised their price objective on Hammerson from GBX 385 to GBX 454 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 385.83.

Hammerson Trading Up 0.9%

The firm’s 50 day moving average price is GBX 356.41 and its 200-day moving average price is GBX 347.14. The company has a debt-to-equity ratio of 86.37, a current ratio of 1.00 and a quick ratio of 1.28. The stock has a market cap of £1.96 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.68 and a beta of 1.79.

Hammerson (LON:HMSO) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. As a group, equities research analysts forecast that Hammerson Plc will post 20.75 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Rob Wilkinson bought 478 shares of Hammerson stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of GBX 376 per share, with a total value of £1,797.28. Corporate insiders own 9.38% 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.