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Hunting ( (GB:HTG) ) has shared an update.
Hunting PLC has secured a $31 million order for titanium stress joints for a deepwater gas project in the Black Sea, marking a significant milestone in its subsea operations. This contract, along with a previous award, contributes to a substantial increase in the company’s sales order book, aligning with its strategic growth plan to expand in the high-growth deepwater sub-segment and leverage its recent acquisition of Flexible Engineered Solutions.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £5.00 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 in multiple countries including the UK, USA, China, and more. The company reports across five operating segments and focuses on five product groups, including Subsea Technologies and Advanced Manufacturing.
Average Trading Volume: 391,019
Technical Sentiment Signal: Buy
Current Market Cap: £493M
For an in-depth examination of HTG stock, go to TipRanks’ Overview page.