Hammerson (LON:HMSO) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Hammerson shares crossed above their 200-day moving average, reaching GBX 356.80 before last trading at GBX 348.04 on volume of roughly 1.08 million shares.
• Analyst sentiment is generally positive: the stock has a “Moderate Buy” consensus rating and an average price target of GBX 382.14, with targets ranging from GBX 360 to GBX 454.
• Hammerson reported quarterly EPS of GBX 12.10, while insider Rob Wilkinson purchased 478 shares at GBX 376 each; insiders collectively own 9.38% of the company.

Hammerson Plc (LON:HMSO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 347.10 and traded as high as GBX 356.80. Hammerson shares last traded at GBX 348.04, with a volume of 1,075,842 shares.

Analysts Set New Price Targets

A number of brokerages recently commented on HMSO. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 448 target price on shares of Hammerson in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Hammerson from GBX 370 to GBX 395 and gave the company a "hold" rating in a report on Tuesday, August 11th. Citigroup upped their price target on Hammerson from GBX 385 to GBX 454 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 360 price objective on shares of Hammerson in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 382.14.

Hammerson Trading Down 2.7%

The stock's 50 day moving average price is GBX 372.13 and its 200-day moving average price is GBX 347.10. The company has a quick ratio of 1.28, a current ratio of 1.00 and a debt-to-equity ratio of 86.37. The stock has a market capitalization of £2.03 billion, a PE ratio of 8.64, a PEG ratio of 1.68 and a beta of 1.79.

Hammerson (LON:HMSO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a net margin of 86.23% and a return on equity of 11.84%. On average, sell-side analysts expect that Hammerson Plc will post 20.7491639 earnings per share for the current fiscal year.

Insider Transactions at Hammerson

In other Hammerson news, insider Rob Wilkinson purchased 478 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of GBX 376 per share, with a total value of £1,797.28. Insiders own 9.38% 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. Our assets are high profile and play an important role in our communities, welcoming c.

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