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

Key Points

• Hammerson Plc shares have recently climbed above their 200-day moving average, currently trading at GBX 287 ($3.90), a notable increase from a low of GBX 274.31 ($3.73).
• Citigroup has adjusted its target price for Hammerson to GBX 385 but maintained a "buy" rating, indicating a positive outlook despite the stock's recent volatility.
• The company's financial metrics show a high debt-to-equity ratio of 80.77 and a negative net margin of 346.30%, raising concerns about its financial stability.

Hammerson Plc (LON:HMSO - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 274.31 ($3.73) and traded as high as GBX 291.60 ($3.97). Hammerson shares last traded at GBX 287 ($3.90), with a volume of 1,171,072 shares.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their target price on Hammerson from GBX 421 to GBX 385 and set a "buy" rating on the stock in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of GBX 385.

Hammerson Stock Down 0.2%

The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65. The company has a market cap of £1.52 billion, a price-to-earnings ratio of 2,045.71, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30. The business has a 50-day simple moving average of GBX 291.20 and a 200-day simple moving average of GBX 274.31.

Hammerson (LON:HMSO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported GBX 16.20 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%. On average, equities 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 Rita-Rose Gagné sold 97,037 shares of the firm's stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of GBX 292, for a total transaction of £283,348.04. Company insiders own 10.19% 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.

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