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The latest announcement is out from Hunting ( (GB:HTG) ).
Hunting PLC, a company engaged in the energy services industry, announced the purchase of 103,000 of its own ordinary shares as part of a share buyback programme. The shares were bought at a volume-weighted average price of 355.43 pence per share. Following the cancellation of these shares, the total number of shares in issue will be reduced to 159,136,988, which will also be the new total number of voting rights. This move is part of the company’s strategy to manage its capital structure and could impact shareholder value by potentially increasing earnings per share.
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: 504,569
Technical Sentiment Signal: Buy
Current Market Cap: £543.8M
For an in-depth examination of HTG stock, go to TipRanks’ Overview page.