Hammerson (LON:HMSO) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Hammerson Plc's stock price has recently crossed above its 200-day moving average of GBX 273.49, closing at GBX 301.20 ($4.00) with a trading volume of over 2.1 million shares.
• Citigroup has lowered its price target for Hammerson shares from GBX 421 ($5.60) to GBX 385 ($5.12) while maintaining a "buy" rating.
• The company's recent quarterly earnings reported negative net margins of 346.30% and a negative return on equity of 25.94%, indicating financial challenges.

Hammerson Plc (LON:HMSO - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 273.49 ($3.63) and traded as high as GBX 301.20 ($4.00). Hammerson shares last traded at GBX 301.20 ($4.00), with a volume of 2,144,717 shares traded.

Analysts Set New Price Targets

Separately, Citigroup cut their price target on shares of Hammerson from GBX 421 ($5.60) to GBX 385 ($5.12) and set a "buy" rating on the stock in a research note on Monday, July 28th.

Hammerson Price Performance

The company's 50 day moving average is GBX 292.93 and its 200 day moving average is GBX 273.49. 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 stock has a market capitalization of £1.47 billion, a price-to-earnings ratio of -54.83, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30.

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 ($0.22) EPS for the quarter. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%. Research analysts anticipate that Hammerson Plc will post 20.7491639 EPS for the current fiscal year.

Insider Buying and Selling

In other Hammerson news, insider Rita-Rose Gagné sold 97,037 shares of Hammerson stock in a transaction on Thursday, June 19th. The shares were sold at an average price of GBX 292 ($3.88), for a total value of £283,348.04 ($376,592.29). Corporate insiders own 77.21% 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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