Hammerson (LON:HMSO) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Hammerson Plc (LON:HMSOGet Free Report)’s share 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 trading hands.

Analyst Upgrades and Downgrades

HMSO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hammerson from GBX 320 to GBX 370 and gave the stock a “hold” rating in a report on Friday, March 20th. The Goldman Sachs Group lowered their price objective on Hammerson from GBX 361 to GBX 338 and set a “neutral” rating for the company in a research report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 346.71.

Check Out Our Latest Stock Analysis on HMSO

Hammerson Price Performance

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

Insider Buying and Selling

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

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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