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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has provided an announcement.
Hammerson plc has executed a transaction under its share buyback programme, purchasing 61,205 of its ordinary shares at a volume-weighted average price of 293.97 pence per share. This move is part of a broader strategy initiated in October 2024, through which the company has repurchased a total of 15,295,909 shares, potentially enhancing shareholder value by reducing the number of shares in circulation.
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 plc’s stock score is driven by a combination of strategic initiatives and operational improvements, including a robust share buyback program and positive technical indicators. However, financial performance is constrained by profitability and cash flow challenges, and valuation metrics reflect ongoing risks.
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, focusing on the ownership, management, and development of retail properties in prime locations across Europe.
Average Trading Volume: 1,140,878
Technical Sentiment Signal: Buy
Current Market Cap: £1.42B
See more data about HMSO stock on TipRanks’ Stock Analysis page.