Hammerson (LON:HMSO) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Hammerson Plc shares have increased, surpassing their 200-day moving average at GBX 280.13, and recently traded at GBX 297 ($3.99).
• Analysts have mixed sentiments; while Citigroup cut its target price from GBX 421 to GBX 385, Peel Hunt reaffirmed a "buy" rating with a target of GBX 350.
• The company reported GBX 16.20 earnings per share for its last quarter, along with troubling financial metrics like a negative net margin of 346.30% and negative return on equity of 25.94%.

Shares of Hammerson Plc (LON:HMSO - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 280.13 ($3.76) and traded as high as GBX 304 ($4.08). Hammerson shares last traded at GBX 297 ($3.99), with a volume of 738,678 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HMSO shares. Citigroup reduced their target price on Hammerson from GBX 421 to GBX 385 and set a "buy" rating on the stock in a report on Monday, July 28th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 350 target price on shares of Hammerson in a report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hammerson currently has a consensus rating of "Buy" and a consensus target price of GBX 367.50.

Hammerson Stock Down 0.3%

The stock has a 50 day moving average price of GBX 288.94 and a 200 day moving average price of GBX 280.13. 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 company has a market capitalization of £1.57 billion, a P/E ratio of 2,121.43, a PEG ratio of 1.68 and a beta of 2.30.

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 net margin of 346.30% and a negative return on equity of 25.94%. On average, research analysts anticipate that Hammerson Plc will post 20.7491639 earnings per share for the current fiscal 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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