Hammerson (LON:HMSO) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Hammerson Plc's share price recently surpassed its 200-day moving average, trading at GBX 296 ($4.00), with intraday highs reaching GBX 305 ($4.12).
• Citigroup has downgraded Hammerson's price target from GBX 421 ($5.68) to GBX 385 ($5.20) while maintaining a "buy" rating on the stock.
• The company reported a negative net margin of 346.30% and a negative return on equity of 25.94% in its most recent quarterly earnings.

Hammerson Plc (LON:HMSO - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 274.23 ($3.71) and traded as high as GBX 305 ($4.13). Hammerson shares last traded at GBX 296 ($4.00), with a volume of 498,216 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their target price on Hammerson from GBX 421 ($5.70) to GBX 385 ($5.21) and set a "buy" rating for the company in a research note on Monday, July 28th.

Hammerson Price Performance

The company has a 50 day moving average of GBX 295.53 and a 200-day moving average of GBX 274.52. The stock has a market capitalization of £1.43 billion, a P/E ratio of -53.48, a PEG ratio of 1.68 and a beta of 2.30. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77.

Hammerson (LON:HMSO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported GBX 16.20 ($0.22) earnings per share (EPS) for the quarter. Hammerson had a negative return on equity of 25.94% and a negative net margin of 346.30%. Sell-side analysts predict that Hammerson Plc will post 20.7491639 EPS for the current year.

Insiders Place Their Bets

In other news, insider Rita-Rose Gagné sold 97,037 shares of the business's stock in a transaction on Thursday, June 19th. The shares were sold at an average price of GBX 292 ($3.95), for a total transaction of £283,348.04 ($383,369.02). 77.21% 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.