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The latest announcement is out from Hunting ( (GB:HTG) ).
Hunting PLC announced further restructuring of its EMEA segment, initially disclosed in January 2025, to enhance profitability amid projected activity in the UK North Sea. The company will consolidate its manufacturing operations by relocating from the Fordoun OCTG facility to the Badentoy site in Portlethen. This move is expected to achieve annualized cost savings of approximately $2 million, with half of it retained as improved profitability. The complete restructuring, anticipated to save $11 million annually by June 2026, will involve ceasing yard services at Fordoun upon contract completion, ensuring a smooth transition for stakeholders.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £510.00 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. Established in 1874, it is listed on the London Stock Exchange and operates across various regions including the UK, China, India, and the US. The company reports in US dollars and is organized into five operating segments: Hunting Titan, North America, Subsea Technologies, Europe, Middle East and Africa (EMEA), and Asia Pacific. It also focuses on five product groups: OCTG, Perforating Systems, Subsea, Advanced Manufacturing, and Other Manufacturing.
Average Trading Volume: 396,433
Technical Sentiment Signal: Buy
Current Market Cap: £476.4M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.