Hammerson (LON:HMSO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Hammerson Plc (LON:HMSO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 286.70 and traded as high as GBX 307. Hammerson shares last traded at GBX 302.60, with a volume of 688,982 shares changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on HMSO shares. Jefferies Financial Group boosted their target price on Hammerson from GBX 234 to GBX 245 and gave the company an “underperform” rating in a research report on Tuesday, October 28th. Citigroup cut their target price on Hammerson from GBX 421 to GBX 385 and set a “buy” rating on the stock in a research report on Monday, July 28th. Finally, 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. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 326.67.

Hammerson Price Performance

The firm has a market cap of £1.61 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.68 and a beta of 2.30. The company has a quick ratio of 1.28, a current ratio of 10.65 and a debt-to-equity ratio of 80.77. The company’s 50-day moving average price is GBX 291.90 and its 200-day moving average price is GBX 286.70.

Hammerson Company Profile

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.