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Hunting ( (GB:HTG) ) has provided an announcement.
Hunting PLC has executed a share buyback, purchasing 71,783 of its ordinary shares at an average price of 387.34 pence per share, as part of its previously announced share buyback program. The company plans to cancel these shares, reducing its total issued shares to 157,894,000, which will also be the new total number of voting rights. This move is likely aimed at enhancing shareholder value by reducing the number of shares outstanding, thereby potentially increasing earnings per share and market value.
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: 469,014
Technical Sentiment Signal: Buy
Current Market Cap: £583.5M
See more insights into HTG stock on TipRanks’ Stock Analysis page.