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An update from Hunting ( (GB:HTG) ) is now available.
Hunting PLC has executed a share buyback program, purchasing 146,655 ordinary shares at an average price of 376.28 pence per share. The company plans to cancel these shares, reducing the total number of shares in issue to 158,431,702, which will also adjust the total number of voting rights. 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 production and distribution of equipment and services for the oil and gas industry. The company is known for its market focus on providing innovative solutions to enhance the efficiency and safety of energy extraction and production processes.
Average Trading Volume: 467,023
Technical Sentiment Signal: Strong Buy
Current Market Cap: £552.3M
For a thorough assessment of HTG stock, go to TipRanks’ Stock Analysis page.