Hunting Cancels Further Shares After £0.44 Buyback Tranche

Hunting ( (GB:HTG) ) has shared an update.

Hunting PLC has continued to execute its previously announced share buyback programme, purchasing 74,731 ordinary shares on 23 January 2026 through Joh. Berenberg, Gossler & Co. KG’s London branch at a volume-weighted average price of 440.49 pence. The company plans to cancel these shares, reducing its share capital and leaving 156,312,791 ordinary shares in issue, a move that marginally increases existing shareholders’ percentage ownership and sets the new total voting rights figure to be used for regulatory disclosure calculations under the UK’s market transparency regime.

The most recent analyst rating on (GB:HTG) stock is a Hold with a £463.00 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 company whose ordinary shares trade on the London Stock Exchange. The group operates in the energy sector, supplying specialist products and services to global upstream oil and gas and related markets, and its shares are widely held by institutional and retail investors who are subject to UK market disclosure and transparency rules.

Average Trading Volume: 491,309

Technical Sentiment Signal: Buy

Current Market Cap: £654.7M

Learn more about HTG stock on TipRanks’ Stock Analysis page.