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Hunting ( (GB:HTG) ) has shared an update.
Hunting PLC announced the purchase of 89,045 of its own ordinary shares as part of its share buyback program, with the intention to cancel these shares. This transaction, executed through RBC Europe Limited, reflects the company’s strategy to manage its capital structure and potentially increase shareholder value. Following this buyback, the total number of voting rights in the company stands at 164,616,592, which stakeholders can use to assess their notification obligations under regulatory guidelines.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £440.00 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 manufacturing and distribution of products and services for the oil and gas industry. The company is known for its market focus on providing essential tools and components for the extraction and production of oil and gas.
Average Trading Volume: 427,832
Technical Sentiment Signal: Strong Buy
Current Market Cap: £518M
See more insights into HTG stock on TipRanks’ Stock Analysis page.