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Hunting ( (GB:HTG) ) has shared an announcement.
Hunting PLC is actively implementing its share buyback program, purchasing 96,520 ordinary shares at a volume-weighted average price of 376.64 pence per share. The company plans to cancel the purchased shares, resulting in a total of 157,720,604 ordinary shares in issue. This move signifies Hunting’s strategic effort to optimize shareholder value and streamline operations, potentially impacting its stakeholder engagement and market positioning.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £400.00 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
Average Trading Volume: 474,321
Technical Sentiment Signal: Buy
Current Market Cap: £587.6M
For an in-depth examination of HTG stock, go to TipRanks’ Overview page.