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Hunting ( (GB:HTG) ) has issued an announcement.
Hunting PLC has announced the purchase of 59,733 of its own ordinary shares as part of its share buyback programme, with the intention to cancel these shares. This move will reduce the total number of shares in issue to 159,077,255, impacting the company’s voting rights and potentially influencing shareholder interests and market perception.
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: 507,490
Technical Sentiment Signal: Buy
Current Market Cap: £544.6M
For an in-depth examination of HTG stock, go to TipRanks’ Overview page.