Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hunting ( (GB:HTG) ) has issued an update.
Hunting PLC has executed a share buyback program, purchasing 83,877 of its ordinary shares at an average price of 325.35 pence per share. The company plans to cancel these shares, reducing its total number of shares in issue to 161,719,855. This move is part of a strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding, which could have implications for voting rights and share value.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £400.00 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, focusing on providing products and services for the oil and gas industry. The company is involved in the manufacturing and distribution of equipment and components used in the extraction and production of hydrocarbons, catering to a global market.
Average Trading Volume: 406,007
Technical Sentiment Signal: Strong Buy
Current Market Cap: £502.3M
For detailed information about HTG stock, go to TipRanks’ Stock Analysis page.