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The latest update is out from Hunting ( (GB:HTG) ).
Hunting PLC has announced a transaction in its own shares as part of a share buyback program. The company purchased 89,191 ordinary shares at an average price of 335.75 pence per share, with the highest price paid being 344.00 pence and the lowest 329.50 pence. These shares will be canceled, reducing the total number of shares in issue to 164,352,297. This move will also adjust the total number of voting rights, which may impact shareholders’ notification obligations under FCA 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: 431,692
Technical Sentiment Signal: Buy
Current Market Cap: £519.7M
For a thorough assessment of HTG stock, go to TipRanks’ Stock Analysis page.