Hunting PLC Announces Change in Voting Rights Structure

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

Hunting PLC has announced a change in its voting rights structure, as Equiniti Trust (Jersey) Limited, acting as trustee of the Hunting PLC Employee Benefit Trust, has increased its voting rights from 3.92% to 4.08%. This adjustment reflects a strategic move within the company’s governance, potentially impacting shareholder dynamics and decision-making processes.

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 UK-based company operating in the energy sector, primarily focusing on providing services and products for the oil and gas industry. The company is known for its expertise in manufacturing and supplying tools and components essential for exploration and production activities.

Average Trading Volume: 519,479

Technical Sentiment Signal: Sell

Current Market Cap: £409.4M

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