Hammerson (LON:HMSO) Stock Crosses Above Two Hundred Day Moving Average of $25.90

Posted by Defense World Staff on May 25th, 2023

Hammerson Plc (LON:HMSO – Get Rating)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 25.90 ($0.32) and traded as high as GBX 26.52 ($0.33). Hammerson shares last traded at GBX 25.58 ($0.32), with a volume of 4,459,531 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Numis Securities reiterated a “buy” rating and issued a GBX 34 ($0.42) target price on shares of Hammerson in a research report on Thursday, March 9th. JPMorgan Chase & Co. boosted their target price on Hammerson from GBX 18 ($0.22) to GBX 25 ($0.31) and gave the stock an “underweight” rating in a research report on Tuesday, April 4th.

Hammerson Price Performance

The firm has a 50-day simple moving average of GBX 25.64 and a two-hundred day simple moving average of GBX 25.90. The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of -852.67, a P/E/G ratio of 1.68 and a beta of 2.23. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 67.05.

Insider Activity at Hammerson

In related news, insider Himanshu Raja purchased 6,726 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of GBX 27 ($0.34) per share, with a total value of £1,816.02 ($2,258.73). 27.11% of the stock is currently owned by corporate insiders.

Hammerson Company Profile

(Get Rating)

At Hammerson, we create vibrant, continually evolving spaces, in and around major cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come. We own and operate high-quality flagship destinations and have investments in premium outlets in selected European countries and have a City Quarters strategy to evolve our portfolio beyond retail.