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An announcement from Hunting ( (GB:HTG) ) is now available.
Hunting PLC has repurchased 124,555 of its ordinary shares under its previously announced buyback programme, paying a volume-weighted average price of 519.43 pence and prices ranging between 518 pence and 527 pence. The company plans to cancel these shares, reducing the number of ordinary shares and voting rights in issue to 154,675,939, a move that marginally enhances earnings per share and clarifies the denominator for investors’ disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £483.00 price target. To see the full list of analyst forecasts on Hunting stock, see the GB:HTG Stock Forecast page.
Spark’s Take on GB:HTG Stock
According to Spark, TipRanks’ AI Analyst, GB:HTG is a Neutral.
The score is primarily supported by strong 2024 cash flow and a low-leverage balance sheet, plus shareholder-friendly corporate actions (expanded buybacks) and positive strategic developments. Offsetting these strengths are volatile profitability (2024 loss after 2023 profit) and currently soft technical momentum (negative MACD, RSI below 50).
To see Spark’s full report on GB:HTG stock, click here.
More about Hunting
Hunting PLC is a UK-listed energy services group that supplies tools, equipment and related services to the global oil and gas and wider energy industry. The company’s shares trade on the London Stock Exchange, where it actively manages its capital structure through programmes such as on-market share repurchases.
Average Trading Volume: 478,292
Technical Sentiment Signal: Buy
Current Market Cap: £756.1M
See more data about HTG stock on TipRanks’ Stock Analysis page.