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

Key Points

• Hammerson Plc's share price has surpassed its 200-day moving average, currently trading at GBX 291.58, representing a slight increase of 0.3%.
• Citigroup has reduced its price target for Hammerson from GBX 421 to GBX 385 while maintaining a "buy" rating on the stock, which currently has an average rating of "buy" overall.
• The company reported a negative return on equity of 25.94% and a significant negative net margin of 346.30% for its last quarter.

Hammerson Plc (LON:HMSO - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 276.83 ($3.73) and traded as high as GBX 293.60 ($3.96). Hammerson shares last traded at GBX 291.58 ($3.93), with a volume of 482,303 shares changing hands.

Analyst Upgrades and Downgrades

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

Hammerson Trading Up 0.3%

The firm has a market cap of £1.54 billion, a PE ratio of 2,082.69, a P/E/G ratio of 1.68 and a beta of 2.30. The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77. The business has a fifty day moving average price of GBX 290.55 and a 200 day moving average price of GBX 276.83.

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

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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