Hammerson (LON:HMSO) Stock Crosses Above 200-Day Moving Average – What’s Next?

Hammerson Plc (LON:HMSO)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 346.87 and traded as high as GBX 379.20. Hammerson shares last traded at GBX 372.20, with a volume of 1,883,509 shares changing hands.

Analyst Ratings Changes

HMSO has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 360 price objective on shares of Hammerson in a research report on Friday, July 31st. Citigroup raised their target price on shares of Hammerson from GBX 385 to GBX 454 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hammerson from GBX 370 to GBX 395 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 448 price target on shares of Hammerson in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 382.14.

Hammerson Stock Down 1.4%

The company has a market capitalization of £2.11 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 1.68 and a beta of 1.79. The business’s 50-day moving average is GBX 373.41 and its 200-day moving average is GBX 346.96. The company has a quick ratio of 1.28, a current ratio of 1.00 and a debt-to-equity ratio of 86.37.

Hammerson (LON:HMSO) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 earnings per share for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. As a group, equities analysts predict that Hammerson Plc will post 20.7491639 earnings per share for the current year.

Insider Activity at Hammerson

In related news, insider Rob Wilkinson bought 478 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of GBX 376 per share, with a total value of £1,797.28. 10.26% of the stock is 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.