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Hunting ( (GB:HTG) ) has issued an update.
Hunting PLC has announced a share buyback program of up to $40 million, reflecting strategic progress and confidence in its future prospects. The program, divided into three tranches, aims to reduce the company’s share capital and is supported by sustainable cash generation and a strong balance sheet, indicating a rebalancing of capital allocation priorities and a positive outlook for stakeholders.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £510.00 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, adding value for its customers. Established in 1874, it is listed on the London Stock Exchange and operates across various regions including the UK, China, India, and the USA. The company reports in US dollars across five operating segments and five product groups, including OCTG and Perforating Systems.
Average Trading Volume: 404,072
Technical Sentiment Signal: Buy
Current Market Cap: £509.5M
See more insights into HTG stock on TipRanks’ Stock Analysis page.