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The latest update is out from Hammerson plc R.E.I.T. ( (GB:HMSO) ).
Hammerson plc announced the completion of a share buyback program, resulting in the cancellation of 305,914 ordinary shares. This action adjusts the company’s total issued share capital to 484,991,856 shares, with 483,691,031 voting rights. This update is crucial for shareholders to determine their interests under regulatory guidelines.
The most recent analyst rating on (GB:HMSO) stock is a Hold with a £250.00 price target. To see the full list of analyst forecasts on Hammerson plc R.E.I.T. stock, see the GB:HMSO Stock Forecast page.
Spark’s Take on GB:HMSO Stock
According to Spark, TipRanks’ AI Analyst, GB:HMSO is a Neutral.
Hammerson plc faces significant challenges with financial performance, marked by negative profitability and high leverage. However, the company benefits from positive earnings call outcomes and strategic initiatives like share buybacks, which enhance shareholder value. Despite technical strength, valuation concerns due to negative earnings impact the overall score.
To see Spark’s full report on GB:HMSO stock, click here.
More about Hammerson plc R.E.I.T.
Hammerson plc is a real estate investment trust (REIT) that focuses on managing and developing retail properties. The company operates primarily in the UK and Europe, offering shopping centers and retail parks as its main products.
Average Trading Volume: 1,135,383
Technical Sentiment Signal: Buy
Current Market Cap: £1.42B
See more insights into HMSO stock on TipRanks’ Stock Analysis page.