Hammerson (LON:HMSO) Shares Cross Above 200-Day Moving Average – Here’s Why

Hammerson Plc (LON:HMSO)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 345.58 and traded as high as GBX 380. Hammerson shares last traded at GBX 375, with a volume of 484,547 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on HMSO. Berenberg Bank reissued a “buy” rating and set a GBX 448 price target on shares of Hammerson in a research report on Thursday, July 30th. Jefferies Financial Group restated a “hold” rating and issued a GBX 360 price objective on shares of Hammerson in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hammerson from GBX 370 to GBX 395 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Finally, Citigroup lifted their target price on shares of Hammerson from GBX 385 to GBX 454 and gave the company a “buy” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 382.14.

Hammerson Trading Up 0.8%

The company has a market cap of £2.20 billion, a P/E ratio of 9.38, a PEG ratio of 1.68 and a beta of 1.79. The stock’s 50 day moving average is GBX 369.37 and its 200-day moving average is GBX 345.81. The company has a current ratio of 1.00, a quick ratio of 1.28 and a debt-to-equity ratio of 86.37.

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

Insider Buying and Selling at Hammerson

In other news, insider Rob Wilkinson purchased 478 shares of Hammerson stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of GBX 376 per share, with a total value of £1,797.28. 10.26% of the stock is 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.