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Hammerson plc R.E.I.T. ( (GB:HMSO) ) has provided an announcement.
Hammerson plc has executed a share buyback transaction as part of its ongoing Share Buyback Programme, purchasing 40,562 ordinary shares at a volume-weighted average price of 295.80 pence per share. This move is part of a larger strategy initiated on 16 October 2024, which has seen the company buy back a total of 16,165,418 shares to date, potentially impacting its share value and investor relations 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 plc’s stock score is influenced primarily by its financial performance challenges, including high leverage and consistent net losses. Positive technical indicators provide some relief, and strong earnings call highlights and strategic direction offer future potential. However, valuation concerns due to a negative P/E ratio and concerns over dividend sustainability moderate the overall outlook.
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 property development and management, particularly in the retail sector. The company operates primarily in the UK, Ireland, and France, managing shopping centers and retail parks.
Average Trading Volume: 964,626
Technical Sentiment Signal: Buy
Current Market Cap: £1.4B
Find detailed analytics on HMSO stock on TipRanks’ Stock Analysis page.