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The latest announcement is out from Hunting ( (GB:HTG) ).
Hunting PLC has executed a share buyback program, purchasing 145,160 ordinary shares at an average price of 367.66 pence per share. The company plans to cancel these shares, reducing the total number of shares in issue to 158,578,357, which will also adjust the voting rights accordingly. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder 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
Hunting PLC operates in the energy sector, primarily focusing on the supply of products and services to the upstream oil and gas industry. The company is known for its manufacturing and distribution of tools and components used in the extraction and production of oil and gas, catering to a global market.
Average Trading Volume: 477,223
Technical Sentiment Signal: Buy
Current Market Cap: £568.8M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.