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Hunting ( (GB:HTG) ) has shared an announcement.
Hunting PLC has executed a share buyback program, purchasing 110,172 of its ordinary shares at an average price of 329.53 pence per share. The company plans to cancel these shares, reducing the total number of shares in issue to 163,118,643, which will also adjust the total number of voting rights. This move is part of a strategic financial maneuver to optimize the company’s capital structure and potentially enhance shareholder value.
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: 414,518
Technical Sentiment Signal: Buy
Current Market Cap: £501.2M
Learn more about HTG stock on TipRanks’ Stock Analysis page.