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The latest announcement is out from Hunting ( (GB:HTG) ).
Hunting PLC, a company involved in the energy sector, has announced the repurchase of 39,268 of its ordinary shares as part of its share buyback programme. The shares were bought at a volume weighted average price of 389.74 pence and will be cancelled, reducing the total number of shares in issue to 157,817,124. This move is likely to impact the company’s market positioning by potentially increasing shareholder value and altering the total voting rights, which stakeholders should consider in their financial assessments.
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: 470,862
Technical Sentiment Signal: Buy
Current Market Cap: £583.5M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.