tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Hunting Cancels Newly Repurchased Shares, Sets Updated Voting Rights Figure

Story Highlights
  • Hunting PLC has bought back 33,653 ordinary shares under its ongoing share repurchase programme.
  • The repurchased shares will be cancelled, reducing share capital to 157.4 million and resetting voting rights.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hunting Cancels Newly Repurchased Shares, Sets Updated Voting Rights Figure

Claim 70% Off TipRanks Premium

The latest announcement is out from Hunting ( (GB:HTG) ).

Hunting PLC has repurchased 33,653 of its ordinary shares under the share buyback programme launched in August 2025, executing the trades through Berenberg at a volume-weighted average price of 383.91 pence. The company plans to cancel these shares, reducing its share capital to 157,395,421 ordinary shares in issue and setting the new total voting rights at the same level, a figure shareholders must now use when assessing disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:HTG) stock is a Hold with a £394.00 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 within the energy and industrial sectors, with its equity widely held and subject to the UK’s Disclosure Guidance and Transparency Rules governing shareholder voting rights and notification thresholds.

Average Trading Volume: 470,590

Technical Sentiment Signal: Buy

Current Market Cap: £583.6M

For detailed information about HTG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1