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Hunting ( (GB:HTG) ) has issued an announcement.
Hunting PLC has executed a share buyback program, purchasing 84,324 of its ordinary shares at a volume-weighted average price of 330.62 pence. The company plans to cancel these shares, reducing the total number of shares in issue to 164,780,516. This move is part of a strategy to optimize capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £4.80 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
Hunting PLC operates in the energy sector, focusing on providing services and products for the oil and gas industry. The company is involved in the manufacturing and distribution of tools and components used in the extraction and production of oil and gas, with a market focus on enhancing operational efficiency and safety.
Average Trading Volume: 424,175
Technical Sentiment Signal: Buy
Current Market Cap: £518M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.