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Hunting ( (GB:HTG) ) has provided an update.
Hunting PLC, a company engaged in a share buyback program, announced the purchase of 110,221 ordinary shares at an average price of 359.93 pence per share. The company plans to cancel these shares, reducing its total number of shares in issue to 160,431,090, which will also be the new total number of voting rights. This move is part of their strategy to manage share capital 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
Average Trading Volume: 423,583
Technical Sentiment Signal: Buy
Current Market Cap: £553.8M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.