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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 35,997 ordinary shares at an average price of 300.18 pence per share. This move is part of a broader strategy to enhance shareholder value, with a total of 16,201,415 shares bought back since the program’s inception in October 2024, potentially impacting the company’s stock liquidity and market perception.
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 primarily hindered by poor financial performance, marked by ongoing net losses and cash flow challenges. However, technical indicators and earnings call sentiment provide some optimism for potential recovery. The company’s strategic initiatives, including share buybacks, are positive but insufficient to offset significant financial drawbacks.
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. The company primarily deals with retail properties, including shopping centers and retail parks, across the UK and Europe.
Average Trading Volume: 964,626
Technical Sentiment Signal: Buy
Current Market Cap: £1.4B
Learn more about HMSO stock on TipRanks’ Stock Analysis page.