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Hunting ( (GB:HTG) ) has shared an announcement.
Hunting PLC has acquired Flexible Engineered Solutions (FES) for £50 million, enhancing its subsea portfolio and aligning with its Hunting 2030 Strategy. This acquisition is expected to be earnings accretive in the first full financial year, providing significant growth opportunities in international markets and strengthening Hunting’s position in the offshore oil, gas, and renewable energy industries.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £5.00 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.
Hunting PLC’s stock score of 56 reflects strong revenue growth and a solid balance sheet, counterbalanced by profitability challenges and bearish technical trends. Positive corporate events and a reasonable dividend yield provide some optimism, yet the negative P/E ratio highlights valuation concerns.
To see Spark’s full report on GB:HTG stock, click here.
More about Hunting
Hunting PLC is a global precision engineering group that provides precision-manufactured equipment and premium services, adding value for its customers. Established in 1874, the company is publicly listed on the London Stock Exchange and operates across various regions including the UK, USA, China, and several others. The company reports in US dollars across five operating segments and product groups, focusing on areas such as subsea technologies and advanced manufacturing.
Average Trading Volume: 419,464
Technical Sentiment Signal: Sell
Current Market Cap: £421.2M
See more insights into HTG stock on TipRanks’ Stock Analysis page.