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The latest announcement is out from Hunting ( (GB:HTG) ).
Hunting PLC has executed a share buyback, purchasing 144,678 of its ordinary shares at a volume-weighted average price of 371.54 pence per share. The company plans to cancel these shares, reducing its total number of shares in issue to 158,723,517, which will also adjust the total voting rights, impacting shareholder calculations under FCA rules.
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 industry, focusing on the manufacturing and distribution of products and services for the oil and gas sector. The company is known for its expertise in providing high-quality tools and components that support exploration and production activities globally.
Average Trading Volume: 477,290
Technical Sentiment Signal: Buy
Current Market Cap: £562.2M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.