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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has issued an update.
Hammerson plc has executed a share buyback transaction as part of its ongoing Share Buyback Programme, purchasing 60,527 ordinary shares at an average price of 297.34 pence per share. This move, which follows the company’s previous buyback activities since October 2024, aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:HMSO) stock is a Buy with a £4.30 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 operates in the property industry. The company focuses on managing, developing, and investing in retail properties, including shopping centers and retail parks, primarily in the UK, Ireland, and France.
Average Trading Volume: 1,150,388
Technical Sentiment Signal: Buy
Current Market Cap: £1.41B
See more data about HMSO stock on TipRanks’ Stock Analysis page.