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

Shares of 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 333.14 and traded as high as GBX 368.62. Hammerson shares last traded at GBX 368.60, with a volume of 154,068,125 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on HMSO. The Goldman Sachs Group reduced their target price on Hammerson from GBX 361 to GBX 338 and set a “neutral” rating on the stock in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft raised their price target on Hammerson from GBX 320 to GBX 370 and gave the stock a “hold” rating in a research report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hammerson currently has a consensus rating of “Hold” and an average target price of GBX 346.71.

Hammerson Trading Up 0.8%

The company has a quick ratio of 1.28, a current ratio of 4.26 and a debt-to-equity ratio of 80.80. The business’s fifty day moving average is GBX 336.73 and its 200 day moving average is GBX 333.79. The firm has a market capitalization of £1.98 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 1.68 and a beta of 1.80.

Insider Activity at Hammerson

In other news, insider Himanshu Raja sold 58,428 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 335, for a total value of £195,733.80. 10.31% of the stock is currently owned by company 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.