Hammerson (LON:HMSO) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Hammerson Plc (LON:HMSO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 278.30 ($3.70) and traded as high as GBX 291 ($3.87). Hammerson shares last traded at GBX 290.40 ($3.86), with a volume of 1,299,746 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their target price on shares of Hammerson from GBX 421 to GBX 385 and set a “buy” rating for the company in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 385.

Hammerson Stock Performance

The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77. The firm has a market cap of £1.54 billion, a PE ratio of 2,074.29, a P/E/G ratio of 1.68 and a beta of 2.30. The company’s 50-day moving average is GBX 289.46 and its 200 day moving average is GBX 278.30.

Hammerson (LON:HMSO) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported GBX 16.20 EPS for the quarter. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%. As a group, sell-side analysts predict that Hammerson Plc will post 20.7491639 EPS 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.