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Hunting ( (GB:HTG) ) has shared an update.
Hunting PLC has announced an extension of its share buyback program by up to $20 million, bringing the total allocation to $60 million. This decision reflects the company’s sustainable cash generation and strong balance sheet, aiming to reduce share capital by canceling repurchased shares, while maintaining shareholder authority and adhering to market conditions.
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 is a global precision engineering group that provides precision-manufactured equipment and premium services. Established in 1874, it is listed on the London Stock Exchange and operates across several countries including the UK, USA, China, and others. The company reports in US dollars across five operating segments and focuses on product groups like OCTG, Perforating Systems, and Subsea technologies.
Average Trading Volume: 470,862
Technical Sentiment Signal: Buy
Current Market Cap: £583.5M
For detailed information about HTG stock, go to TipRanks’ Stock Analysis page.