Hammerson (LON:HMSO) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Hammerson Plc (LON:HMSO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 317.56 and traded as high as GBX 322.80. Hammerson shares last traded at GBX 318, with a volume of 938,318 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a research report on Monday, November 24th. Berenberg Bank increased their target price on shares of Hammerson from GBX 405 to GBX 409 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 330 target price on shares of Hammerson in a report on Monday, November 24th. Four 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 339.83.

Hammerson Price Performance

The stock has a 50-day moving average of GBX 346.57 and a two-hundred day moving average of GBX 317.74. The firm has a market cap of £1.68 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 1.68 and a beta of 1.81. The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80.

Hammerson (LON:HMSO) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported GBX 46 earnings per share (EPS) for the quarter. Hammerson had a return on equity of 11.77% and a net margin of 268.95%. On average, analysts anticipate that Hammerson Plc will post 20.7491639 EPS for the current year.

Insider Buying and Selling

In other Hammerson news, insider Rita-Rose Gagné sold 126,260 shares of Hammerson stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of GBX 309, for a total transaction of £390,143.40. Also, insider Rob Wilkinson bought 155,718 shares of the business’s stock in a transaction on Friday, December 19th. The shares were purchased at an average cost of GBX 323 per share, for a total transaction of £502,969.14. 10.28% 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.