Hammerson (LON:HMSO) Share Price Crosses Above 200 Day Moving Average of $25.90

Shares of Hammerson Plc (LON:HMSO – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 25.90 ($0.32) and traded as high as GBX 26.52 ($0.33). Hammerson shares last traded at GBX 25.58 ($0.32), with a volume of 4,459,531 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Numis Securities reaffirmed a “buy” rating and set a GBX 34 ($0.42) price objective on shares of Hammerson in a research report on Thursday, March 9th. JPMorgan Chase & Co. raised their price target on Hammerson from GBX 18 ($0.22) to GBX 25 ($0.31) and gave the stock an “underweight” rating in a report on Tuesday, April 4th.

Hammerson Stock Performance

The company has a debt-to-equity ratio of 67.05, a current ratio of 1.89 and a quick ratio of 1.28. The firm has a market cap of £1.24 billion, a price-to-earnings ratio of -829.00, a P/E/G ratio of 1.68 and a beta of 2.23. The firm has a fifty day simple moving average of GBX 25.67 and a two-hundred day simple moving average of GBX 25.89.

Insiders Place Their Bets

In other news, insider Himanshu Raja acquired 6,726 shares of Hammerson stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of GBX 27 ($0.34) per share, for a total transaction of £1,816.02 ($2,258.73). Corporate insiders own 27.11% of the company’s stock.

About Hammerson

(Get Rating)

At Hammerson, we create vibrant, continually evolving spaces, in and around major cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come. We own and operate high-quality flagship destinations and have investments in premium outlets in selected European countries and have a City Quarters strategy to evolve our portfolio beyond retail.