Hammerson (LON:HMSO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Hammerson Plc (LON:HMSO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 303.42 and traded as high as GBX 334.20. Hammerson shares last traded at GBX 331.60, with a volume of 382,091 shares.

Analyst Ratings Changes

A number of research analysts have weighed in on HMSO shares. Jefferies Financial Group lifted their price objective on shares of Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft lifted their price target on Hammerson from GBX 300 to GBX 320 and gave the company a “hold” rating in a research note on Monday, November 24th. Panmure Gordon reiterated a “buy” rating and set a GBX 330 price target on shares of Hammerson in a research report on Monday, November 24th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 350 price objective on shares of Hammerson in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 326.

Hammerson Stock Down 0.4%

The firm has a market cap of £1.75 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.68 and a beta of 2.30. The business has a fifty day simple moving average of GBX 320.60 and a 200 day simple moving average of GBX 303.42. The company has a debt-to-equity ratio of 80.77, a current ratio of 10.65 and a quick ratio of 1.28.

Insider Buying and Selling at Hammerson

In other Hammerson news, insider Rita-Rose Gagné sold 279,905 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of GBX 308, for a total value of £862,107.40. Also, insider Rob Wilkinson bought 155,718 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were acquired at an average cost of GBX 323 per share, with a total value of £502,969.14. Over the last three months, insiders sold 542,391 shares of company stock valued at $167,046,462. 10.20% of the stock is owned by corporate insiders.

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.