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The latest update is out from Hunting ( (GB:HTG) ).
Hunting PLC has announced the repurchase of 86,996 of its ordinary shares as part of its share buyback program. The shares were bought at a volume-weighted average price of 336.50 pence, with the highest price paid being 344.00 pence and the lowest at 329.50 pence. Following the cancellation of these shares, the total number of shares in issue will be 164,441,488, which will also represent the total number of voting rights in the company. This move is part of the company’s strategy to manage its capital structure and may impact shareholder value and market perception.
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: 417,844
Technical Sentiment Signal: Buy
Current Market Cap: £509.6M
See more insights into HTG stock on TipRanks’ Stock Analysis page.