Hammerson plc Advances Share Buyback Programme

Hammerson plc R.E.I.T. ( (GB:HMSO) ) has issued an update.

Hammerson plc has executed a share buyback transaction, purchasing 74,205 of its ordinary shares at an average price of 269.51 pence per share as part of its ongoing Share Buyback Programme initiated in October 2024. This move is part of a broader strategy to enhance shareholder value by reducing the number of shares in circulation, which can potentially improve earnings per share and influence stock price positively.

The most recent analyst rating on (GB:HMSO) stock is a Buy with a £3.20 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’s stock score reflects a mix of challenges and opportunities. Financial struggles, with consistent losses and high leverage, weigh heavily. However, recent technical strength and optimistic earnings call guidance offer potential upside. Valuation concerns persist with a negative P/E ratio, highlighting the risks involved.

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 specializes in property development and management, focusing on retail properties such as shopping centers and retail parks across Europe.

Average Trading Volume: 1,187,124

Technical Sentiment Signal: Hold

Current Market Cap: £1.3B

Find detailed analytics on HMSO stock on TipRanks’ Stock Analysis page.