Hammerson (LON:HMSO) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Hammerson Plc (LON:HMSO) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 341.55 and traded as high as GBX 372. Hammerson shares last traded at GBX 364.41, with a volume of 604,083 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 448 target price on shares of Hammerson in a report on Thursday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 346.83.

Hammerson Stock Down 0.1%

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 firm has a 50 day simple moving average of GBX 355.43 and a two-hundred day simple moving average of GBX 341.70. The stock has a market cap of £1.96 billion, a P/E ratio of 8.02, a P/E/G ratio of 1.68 and a beta of 1.79.

Hammerson (LON:HMSO) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a net margin of 109.58% and a return on equity of 11.77%. Equities research analysts predict that Hammerson Plc will post 20.7491639 earnings per share for the current year.

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.