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Hunting ( (GB:HTG) ) has issued an announcement.
Hunting PLC has announced the purchase of 55,754 of its ordinary shares as part of its share buyback programme, with plans to cancel these shares, reducing the total number of shares and voting rights to 158,942,284. This move is part of a strategic effort to manage its share capital and potentially enhance shareholder value, impacting stakeholders by altering the denominator used for calculating disclosure obligations under the FCA’s 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: 483,717
Technical Sentiment Signal: Buy
Current Market Cap: £557.4M
For an in-depth examination of HTG stock, go to TipRanks’ Overview page.