Hammerson Plc (LON:HMSO - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 274.79 ($3.71) and traded as high as GBX 293 ($3.96). Hammerson shares last traded at GBX 292.80 ($3.96), with a volume of 450,422 shares traded.
Wall Street Analysts Forecast Growth
Separately, Citigroup cut their price target 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, Based on data from MarketBeat.com, Hammerson has a consensus rating of "Buy" and a consensus price target of GBX 385.
Check Out Our Latest Analysis on Hammerson
Hammerson Trading Up 1.1%
The company has a debt-to-equity ratio of 80.77, a quick ratio of 1.28 and a current ratio of 10.65. The firm has a 50 day simple moving average of GBX 295.27 and a two-hundred day simple moving average of GBX 274.70. The firm has a market capitalization of £1.43 billion, a P/E ratio of -53.34, a PEG ratio of 1.68 and a beta of 2.30.
Hammerson (LON:HMSO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported GBX 16.20 earnings per share for the quarter. Hammerson had a negative return on equity of 25.94% and a negative net margin of 346.30%. Equities research analysts forecast that Hammerson Plc will post 20.7491639 earnings per share for the current year.
Insider Buying and Selling
In other Hammerson news, insider Rita-Rose Gagné sold 97,037 shares of Hammerson 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. Corporate insiders own 77.21% of the company's stock.
About Hammerson
(
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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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