Hammerson (LON:HMSO) Shares Break Below 200-Day Moving Average - Should You Sell?

Key Points

• Hammerson shares fell below their 200-day moving average, reaching GBX 324.40 before closing at GBX 326.80, below the GBX 347.01 long-term average.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of GBX 385.83; ratings are split between three Buys and three Holds.
• The company reported quarterly EPS of GBX 12.10, while insider Rob Wilkinson bought 478 shares at GBX 376 each, signaling some internal confidence despite the recent share-price weakness.

Hammerson Plc (LON:HMSO - Get Free Report) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 347.01 and traded as low as GBX 324.40. Hammerson shares last traded at GBX 326.80, with a volume of 404,506 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hammerson from GBX 370 to GBX 395 and gave the stock a "hold" rating in a report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 375 price target on shares of Hammerson in a research note on Monday, October 5th. Citigroup upped their price target on shares of Hammerson from GBX 385 to GBX 454 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Berenberg Bank cut their price target on shares of Hammerson from GBX 448 to GBX 423 and set a "buy" rating on the stock in a report on Tuesday, September 15th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Hammerson presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 385.83.

Hammerson Stock Performance

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 business has a 50 day moving average price of GBX 357.38 and a 200 day moving average price of GBX 347.01. The stock has a market cap of £1.91 billion, a P/E ratio of 8.11, a PEG ratio of 1.68 and a beta of 1.79.

Hammerson (LON:HMSO - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported GBX 12.10 earnings per share (EPS) for the quarter. Hammerson had a return on equity of 11.84% and a net margin of 86.23%. As a group, sell-side analysts expect that Hammerson Plc will post 20.75 EPS for the current year.

Insider Buying and Selling

In other Hammerson news, insider Rob Wilkinson bought 478 shares of Hammerson stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of GBX 376 per share, for a total transaction of £1,797.28. 9.38% 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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