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Hunting ( (GB:HTG) ) has issued an announcement.
Hunting PLC announced that UBS Group AG’s trading book holdings in the company have fallen below the 5% threshold, making them exempt from reporting. This change in holdings reflects a decrease in UBS’s voting rights in Hunting PLC, which may impact the company’s shareholder dynamics and influence within the market.
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 UK-based company operating in the energy sector, primarily involved in the supply of products and services to the upstream oil and gas industry. The company focuses on providing tools and components that are essential for the exploration and production of oil and gas.
Average Trading Volume: 390,844
Technical Sentiment Signal: Buy
Current Market Cap: £507.2M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.