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

Key Points

• Technical move: Hammerson shares briefly passed above their 200‑day moving average (200‑day MA GBX 317.56), trading as high as GBX 322.80 and last at GBX 318, though the 50‑day MA remains higher at GBX 346.57.
• Analyst sentiment: The stock has a consensus "Moderate Buy" (four Buy, one Hold, one Sell) with a consensus target of GBX 339.83 and recent upward target revisions from Berenberg and Deutsche Bank.
• Valuation and insider activity: Market cap £1.68bn, P/E 6.94, debt/equity ~80.8%, ROE 11.77% and a very high reported net margin; insiders own 10.28% with notable transactions including a sale of 126,260 shares by Rita‑Rose Gagné and a purchase of 155,718 shares by Rob Wilkinson.

Shares of Hammerson Plc (LON:HMSO - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 317.56 and traded as high as GBX 322.80. Hammerson shares last traded at GBX 318, with a volume of 938,318 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HMSO shares. Berenberg Bank boosted their target price on shares of Hammerson from GBX 405 to GBX 409 and gave the company a "buy" rating in a report on Tuesday, January 27th. Panmure Gordon reaffirmed a "buy" rating and issued a GBX 330 price objective on shares of Hammerson in a research report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Hammerson from GBX 300 to GBX 320 and gave the company a "hold" rating in a research note on Monday, November 24th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 339.83.

Hammerson Stock Performance

The stock has a market capitalization of £1.68 billion, a PE ratio of 6.94, a P/E/G ratio of 1.68 and a beta of 1.81. The company has a debt-to-equity ratio of 80.80, a current ratio of 4.26 and a quick ratio of 1.28. The firm has a fifty day moving average price of GBX 346.57 and a two-hundred day moving average price of GBX 317.56.

Hammerson (LON:HMSO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 EPS for the quarter. Hammerson had a return on equity of 11.77% and a net margin of 268.95%. Research analysts expect that Hammerson Plc will post 20.7491639 EPS for the current year.

Insider Activity at Hammerson

In related news, insider Rita-Rose Gagné sold 126,260 shares of the company's stock in a transaction on Tuesday, December 16th. The stock was 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 business's stock in a transaction on Friday, December 19th. The stock was bought at an average price of GBX 323 per share, for a total transaction of £502,969.14. Company insiders own 10.28% 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.

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