Hammerson (LON:HMSO) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Hammerson Plc (LON:HMSO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 310.02 and traded as high as GBX 357.40. Hammerson shares last traded at GBX 354, with a volume of 1,340,653 shares changing hands.

Wall Street Analysts Forecast Growth

HMSO has been the subject of several research reports. Berenberg Bank raised their price objective on shares of Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Jefferies Financial Group raised their price target on shares of Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft upped their price objective on Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a report on Monday, November 24th. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 330 target price on shares of Hammerson in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 339.83.

Hammerson Stock Performance

The stock has a market cap of £1.86 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.68 and a beta of 2.30. The stock’s fifty day moving average is GBX 334.15 and its 200-day moving average is GBX 310.02. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77.

Insider Activity at Hammerson

In other Hammerson news, insider Rita-Rose Gagné sold 279,905 shares of Hammerson stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of GBX 308, for a total value of £862,107.40. Also, insider Rob Wilkinson acquired 155,718 shares of the stock in a transaction dated Friday, December 19th. The shares were bought at an average cost of GBX 323 per share, with a total value of £502,969.14. Insiders sold a total of 542,391 shares of company stock valued at $167,046,462 over the last quarter. 10.27% of the stock is owned by insiders.

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.