Hammerson (LON:HMSO) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Hammerson Plc's stock price has surpassed its 200-day moving average of GBX 274.79, trading recently at GBX 292.80 ($3.94).
• Citigroup has lowered its price target on Hammerson from GBX 421 to GBX 385 while maintaining a "buy" rating.
• The company reported a negative return on equity of 25.94% and a negative net margin of 346.30% in its recent earnings results.

Hammerson Plc (LON:HMSO - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 274.79 ($3.70) and traded as high as GBX 293 ($3.95). Hammerson shares last traded at GBX 292.80 ($3.95), with a volume of 450,422 shares.

Analyst Ratings Changes

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

Hammerson Trading Down 0.1%

The firm has a market cap of £1.43 billion, a price-to-earnings ratio of -53.27, a price-to-earnings-growth ratio of 1.68 and a beta of 2.30. The company has a debt-to-equity ratio of 80.77, a current ratio of 10.65 and a quick ratio of 1.28. The firm's fifty day moving average is GBX 295.21 and its 200-day moving average is GBX 274.86.

Hammerson (LON:HMSO - Get Free Report) last released its 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%. Equities analysts anticipate that Hammerson Plc will post 20.7491639 earnings per share for the current year.

Insider Buying and Selling at Hammerson

In other news, insider Rita-Rose Gagné sold 97,037 shares of the company's stock in a transaction dated Thursday, June 19th. The shares were sold at an average price of GBX 292, for a total transaction of £283,348.04. 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.