Hammerson (LON:HMSO) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Hammerson shares moved above their 200-day moving average, reaching GBX 379.20 before closing at GBX 372.20, compared with the average of GBX 346.87.
• Analyst sentiment is moderately positive: four analysts rate the stock a Buy and three a Hold, producing a consensus rating of “Moderate Buy” and an average price target of GBX 382.14.
• Insider Rob Wilkinson purchased 478 shares at GBX 376 each, while Hammerson reported quarterly EPS of GBX 12.10 and forecasts call for full-year EPS of approximately 20.75 pence.

Hammerson Plc (LON:HMSO - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 346.87 and traded as high as GBX 379.20. Hammerson shares last traded at GBX 372.20, with a volume of 1,883,509 shares traded.

Wall Street Analyst Weigh In

HMSO has been the subject of a number of recent analyst reports. Jefferies Financial Group reissued a "hold" rating and set a GBX 360 price objective on shares of Hammerson in a research report on Friday, July 31st. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 448 target price on shares of Hammerson in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Hammerson from GBX 370 to GBX 395 and gave the stock a "hold" rating in a research note on Tuesday, August 11th. Finally, Citigroup lifted their price target on shares of Hammerson from GBX 385 to GBX 454 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 382.14.

Hammerson Stock Down 1.4%

The firm has a market cap of £2.17 billion, a PE ratio of 9.24, a PEG ratio of 1.68 and a beta of 1.79. The company has a current ratio of 1.00, a quick ratio of 1.28 and a debt-to-equity ratio of 86.37. The firm has a 50 day moving average price of GBX 373.45 and a 200-day moving average price of GBX 346.87.

Hammerson (LON:HMSO - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 EPS for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. Research analysts forecast that Hammerson Plc will post 20.7491639 EPS for the current fiscal year.

Insider Activity at Hammerson

In related news, insider Rob Wilkinson purchased 478 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of GBX 376 per share, for a total transaction of £1,797.28. 10.26% of the stock is owned by company insiders.

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. Our assets are high profile and play an important role in our communities, welcoming c.

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