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Hunting ( (GB:HTG) ) has issued an update.
Hunting PLC has executed a share buyback program, purchasing 79,217 ordinary shares at an average price of 367.18 pence per share. The company plans to cancel these shares, reducing the total number of shares and voting rights to 158,998,038, which may affect shareholder calculations under FCA rules.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £600.00 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: 503,039
Technical Sentiment Signal: Buy
Current Market Cap: £559.9M
For a thorough assessment of HTG stock, go to TipRanks’ Stock Analysis page.