Hammerson (LON:HMSO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Hammerson Plc (LON:HMSO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 307.83 and traded as high as GBX 357.80. Hammerson shares last traded at GBX 356.40, with a volume of 881,759 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Hammerson from GBX 300 to GBX 320 and gave the stock a “hold” rating in a research report on Monday, November 24th. Jefferies Financial Group upped their target price on shares of Hammerson from GBX 234 to GBX 245 and gave the stock an “underperform” rating in a research note on Tuesday, October 28th. Peel Hunt reissued a “buy” rating and set a GBX 350 price target on shares of Hammerson in a research report on Friday, October 10th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 330 price objective on shares of Hammerson in a research report on Monday, November 24th. Finally, Berenberg Bank lifted their target price on Hammerson from GBX 405 to GBX 409 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 339.83.

Hammerson Trading Up 1.0%

The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77. The stock has a market capitalization of £1.89 billion, a PE ratio of 25.46, a P/E/G ratio of 1.68 and a beta of 2.30. The stock has a 50 day moving average price of GBX 330.24 and a 200-day moving average price of GBX 307.83.

Insider Activity

In other Hammerson news, insider Rita-Rose Gagné sold 126,260 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of GBX 309, for a total transaction of £390,143.40. Also, insider Rob Wilkinson purchased 155,718 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was acquired at an average price of GBX 323 per share, for a total transaction of £502,969.14. Insiders have sold a total of 542,391 shares of company stock valued at $167,046,462 in the last ninety days. Insiders own 10.27% 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.