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

Hammerson Plc (LON:HMSO)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 340.05 and traded as high as GBX 371.20. Hammerson shares last traded at GBX 370, with a volume of 727,753 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price target on Hammerson from GBX 361 to GBX 338 and set a “neutral” rating on the stock in a report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 346.71.

Hammerson Stock Performance

The firm has a market cap of £1.96 billion, a PE ratio of 8.04, a PEG ratio of 1.68 and a beta of 1.79. The company has a current ratio of 4.26, a quick ratio of 1.28 and a debt-to-equity ratio of 80.80. The firm’s 50 day simple moving average is GBX 348.69 and its 200 day simple moving average is GBX 340.05.

Insider Activity

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 value of £195,733.80. Company insiders own 10.31% 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.