Hammerson (LON:HMSO) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Hammerson shares moved above their 200-day moving average, reaching GBX 350.40 before closing at GBX 344.60, while trading volume reached approximately 1.94 million shares.
• Analyst sentiment is generally positive: four analysts rate the stock a Buy and three rate it a Hold, producing a consensus “Moderate Buy” rating and a GBX 378.57 target price.
• The company reported quarterly EPS of GBX 12.10, with a net margin of 86.23%; insider Rob Wilkinson also purchased 478 shares, while insiders collectively own 9.38% of Hammerson.

Hammerson Plc (LON:HMSO - Get Free Report) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 346.22 and traded as high as GBX 350.40. Hammerson shares last traded at GBX 344.60, with a volume of 1,942,575 shares traded.

Analyst Upgrades and Downgrades

HMSO has been the topic of a number of recent research reports. Citigroup increased their price objective on shares of Hammerson from GBX 385 to GBX 454 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Berenberg Bank lowered their target price on Hammerson from GBX 448 to GBX 423 and set a "buy" rating for the company in a report on Tuesday, September 15th. Jefferies Financial Group restated a "hold" rating and set a GBX 360 target price on shares of Hammerson in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Hammerson from GBX 370 to GBX 395 and gave the company a "hold" rating in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 378.57.

Hammerson Trading Down 0.7%

The firm has a market capitalization of £2.01 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79. The company's 50-day simple moving average is GBX 365.78 and its 200 day simple moving average is GBX 346.22. The company has a quick ratio of 1.28, a current ratio of 1.00 and a debt-to-equity ratio of 86.37.

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

Insider Transactions at Hammerson

In other news, insider Rob Wilkinson purchased 478 shares of the business'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. Corporate insiders own 9.38% 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. Our assets are high profile and play an important role in our communities, welcoming c.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.