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The latest update is out from Hunting ( (GB:HTG) ).
Hunting PLC has announced a transaction involving the repurchase of its own shares as part of a share buyback programme. The company purchased 88,108 ordinary shares at an average price of 332.40 pence per share, with plans to cancel these shares, reducing the total number of shares in issue to 164,528,484. This action will adjust the company’s voting rights and could impact shareholder calculations under the FCA’s rules.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £440.00 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: 431,135
Technical Sentiment Signal: Buy
Current Market Cap: £526.3M
Learn more about HTG stock on TipRanks’ Stock Analysis page.