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

Key Points

• Hammerson shares crossed above their 200-day moving average, reaching GBX 352 before closing at GBX 348.80 on trading volume of about 1.46 million shares.
• Analysts maintain a generally positive outlook, with three Buy and three Hold ratings, a consensus “Moderate Buy” rating, and an average price target of GBX 381.83.
• The company reported GBX 12.10 in quarterly earnings per share, while insider Rob Wilkinson purchased 478 shares; 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 Thursday. The stock has a 200-day moving average of GBX 349.33 and traded as high as GBX 352. Hammerson shares last traded at GBX 348.80, with a volume of 1,464,161 shares.

Analyst Upgrades and Downgrades

HMSO has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a "hold" rating and issued a GBX 351 target price on shares of Hammerson in a research note on Thursday, October 15th. Berenberg Bank dropped their target price 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hammerson from GBX 370 to GBX 395 and gave the stock a "hold" rating in a research report on Tuesday, August 11th. Finally, Citigroup boosted their price objective 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 381.83.

Hammerson Price Performance

The firm's fifty day moving average price is GBX 351.58 and its 200-day moving average price is GBX 349.33. The company has a debt-to-equity ratio of 86.37, a current ratio of 1.00 and a quick ratio of 1.28. The firm has a market capitalization of £2.03 billion, a P/E ratio of 8.66, a PEG ratio of 1.68 and a beta of 1.79.

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

Insider Activity at Hammerson

In other news, insider Rob Wilkinson acquired 478 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of GBX 376 per share, for a total transaction of £1,797.28. Corporate 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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