FTSE 250 movers: Hammerson plumbs another 52-week low, Cranswick wanted
Hammerson cratered after the shopping centre owner pulled its final dividend and guidance as government lockdowns forced many of its tenants to shutter their stores, leaving the company with a nearly two-thirds decline in quarterly rents.
Much the same concerns were weighing on Cineworld, with analysts at JP Morgan telling clients: "The complete lack of visibility on the duration of cinema closures and the high level of gearing mean
we cannot recommend investors buy the stock at present and we downgrade to Neutral, with a 90p Dec-20 price target."
Dixons Carphone was another big faller, weighed down by a downgrade out of analysts at RBC Capital from 'sector perform' to 'underperform'.
The same analysts cut their target price for the shares from 90.0p to 75.0p, explaining that the electronics retailer was both operationally and financially leveraged "to a to a prolonged consumer downturn".
On the other side of the ledger, shares of pork products manufacturer Cranswick made another run at their most recent multi-year highs, possibly in anticipation of a restart of activity in China.
Market Movers
FTSE 250 (MCX) 14,624.63 -0.98%
FTSE 250 - Risers
BMO Commercial Property Trust Limited (BCPT) 68.30p 16.55%
PureTech Health (PRTC) 235.00p 9.30%
Future (FUTR) 985.00p 8.84%
Synthomer (SYNT) 248.00p 8.30%
BBGI SICAV S.A. (DI) (BBGI) 159.00p 7.80%
Kainos Group (KNOS) 604.00p 5.23%
Worldwide Healthcare Trust (WWH) 2,825.00p 5.21%
Homeserve (HSV) 1,017.00p 5.17%
Capita (CPI) 33.00p 5.10%
Games Workshop Group (GAW) 4,350.00p 5.07%
FTSE 250 - Fallers
Hammerson (HMSO) 66.64p -22.06%
Airtel Africa (AAF) 38.42p -21.59%
Aston Martin Lagonda Global Holdings (AML) 225.80p -18.70%
Signature Aviation (SIG) 157.15p -15.21%
Mediclinic International (MDC) 254.30p -14.55%
Hyve Group (HYVE) 19.78p -14.37%
Senior (SNR) 62.10p -13.75%
Dixons Carphone (DC.) 70.34p -12.71%
Cineworld Group (CINE) 46.86p -12.38%
Frasers Group (FRAS) 187.10p -10.99%