Hammerson (LON:HMSO) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Hammerson Plc (LON:HMSOGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 337.90 and traded as high as GBX 374.40. Hammerson shares last traded at GBX 372, with a volume of 456,387 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HMSO. The Goldman Sachs Group cut their price objective on Hammerson from GBX 361 to GBX 338 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Hammerson from GBX 320 to GBX 370 and gave the stock a “hold” rating in a research note on Friday, March 20th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 346.71.

View Our Latest Report on Hammerson

Hammerson Trading Up 0.5%

The stock has a market capitalization of £1.97 billion, a PE ratio of 8.09, a PEG ratio of 1.68 and a beta of 1.79. The company has a quick ratio of 1.28, a current ratio of 4.26 and a debt-to-equity ratio of 80.80. The business’s 50-day moving average is GBX 343.72 and its two-hundred day moving average is GBX 337.90.

Insider Activity at Hammerson

In other news, insider Himanshu Raja sold 58,428 shares of Hammerson stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of GBX 335, for a total transaction of £195,733.80. Company insiders own 10.31% of the company’s stock.

About Hammerson

(Get Free Report)

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.

Further Reading

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