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

Hammerson Plc (LON:HMSO - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 326.16 and traded as high as GBX 333.60. Hammerson shares last traded at GBX 323.37, with a volume of 866,831 shares.

Analysts Set New Price Targets

Several brokerages recently weighed in on HMSO. The Goldman Sachs Group reduced their price target on shares of Hammerson from GBX 361 to GBX 338 and set a "neutral" rating for the company in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hammerson from GBX 320 to GBX 370 and gave the company a "hold" rating in a research report on Friday, March 20th. Finally, Berenberg Bank raised their price target on shares of Hammerson from GBX 405 to GBX 409 and gave the company a "buy" rating in a research report on Tuesday, January 27th. Four equities research 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. According to data from MarketBeat, Hammerson presently has a consensus rating of "Hold" and a consensus target price of GBX 346.71.

Hammerson Stock Performance

The company has a debt-to-equity ratio of 80.80, a quick ratio of 1.28 and a current ratio of 4.26. The firm has a market cap of £1.74 billion, a P/E ratio of 7.13, a P/E/G ratio of 1.68 and a beta of 1.81. The business's 50-day simple moving average is GBX 327.61 and its 200 day simple moving average is GBX 326.16.

Hammerson (LON:HMSO - Get Free Report) last posted its earnings results on Wednesday, February 25th. The real estate investment trust reported GBX 46 EPS for the quarter. Hammerson had a net margin of 109.58% and a return on equity of 11.77%. As a group, equities analysts predict that Hammerson Plc will post 20.7491639 earnings per share for the current year.

Insider Buying and Selling

In other Hammerson news, insider Rob Wilkinson sold 72,328 shares of Hammerson stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of GBX 331, for a total value of £239,405.68. Also, insider Himanshu Raja sold 58,428 shares of Hammerson stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 335, for a total transaction of £195,733.80. Insiders own 10.28% of the company's stock.

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.

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