Hammerson (LON:HMSO) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Hammerson Plc (LON:HMSO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 347.10 and traded as high as GBX 356.80. Hammerson shares last traded at GBX 348.04, with a volume of 1,075,842 shares trading hands.

Analyst Ratings Changes

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

Hammerson Stock Up 0.6%

The company has a debt-to-equity ratio of 86.37, a quick ratio of 1.28 and a current ratio of 1.00. The firm has a market capitalization of £2.02 billion, a PE ratio of 8.57, a PEG ratio of 1.68 and a beta of 1.79. The company’s 50 day simple moving average is GBX 371.57 and its 200-day simple moving average is GBX 347.

Hammerson (LON:HMSO) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a net margin of 86.23% and a return on equity of 11.84%. On average, analysts forecast that Hammerson Plc will post 20.7491639 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hammerson news, insider Rob Wilkinson purchased 478 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of GBX 376 per share, with a total value of £1,797.28. 9.38% of the stock is owned by corporate 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.