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

Key Points

• Hammerson Plc shares recently crossed above their 200-day moving average, trading at GBX 289 ($3.90), highlighting a notable increase from the average of GBX 274.95 ($3.71).
• Citigroup has reduced its price target for Hammerson shares from GBX 421 to GBX 385 while maintaining a "buy" rating, reflecting a consensus rating of "Buy" with an average target price of GBX 385.
• Insider trading activity includes Rita-Rose Gagné selling 97,037 shares at GBX 292, indicating significant insider interest as company insiders own 77.21% of the stock.

Hammerson Plc (LON:HMSO - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 274.95 ($3.71) and traded as high as GBX 293 ($3.96). Hammerson shares last traded at GBX 289 ($3.90), with a volume of 537,672 shares.

Analysts Set New Price Targets

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

Hammerson Stock Down 0.7%

The stock's fifty day moving average is GBX 294.89 and its two-hundred day moving average is GBX 274.71. 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 £1.52 billion, a PE ratio of 2,050.00, a P/E/G ratio of 1.68 and a beta of 2.30.

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

Insider Buying and Selling at Hammerson

In related news, insider Rita-Rose Gagné sold 97,037 shares of the business's stock in a transaction dated Thursday, June 19th. The shares were sold at an average price of GBX 292, for a total value of £283,348.04. Company insiders own 11.21% 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.