Hammerson (LON:HMSO) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Hammerson Plc (LON:HMSO) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 316.09 and traded as high as GBX 351.20. Hammerson shares last traded at GBX 344.30, with a volume of 1,212,009 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HMSO shares. Berenberg Bank upped their price objective on shares of Hammerson from GBX 405 to GBX 409 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft upped their target price on Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a report on Monday, November 24th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 330 price target on shares of Hammerson in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hammerson currently has an average rating of “Moderate Buy” and an average price target of GBX 339.83.

Hammerson Price Performance

The business’s 50 day moving average is GBX 346.58 and its two-hundred day moving average is GBX 316.09. The company has a debt-to-equity ratio of 80.80, a quick ratio of 1.28 and a current ratio of 4.26. The firm has a market capitalization of £1.83 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.81.

Hammerson (LON:HMSO) last posted its earnings results 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%. Equities research analysts anticipate that Hammerson Plc will post 20.7491639 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Rita-Rose Gagné sold 126,260 shares of the business’s 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 firm’s stock in a transaction that occurred 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. Over the last quarter, insiders have sold 542,391 shares of company stock worth $167,046,462. Company insiders own 10.27% of the company’s stock.

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.