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Hunting ( (GB:HTG) ) has issued an update.
Hunting PLC has announced a transaction involving the repurchase of its own shares as part of a share buyback program. The company has acquired 100,037 ordinary shares at an average price of 349 pence per share, with the intention to cancel these shares, reducing the total number of shares in issue to 161,165,743. This move is likely to impact the company’s share value and voting rights, as shareholders will use the new share count for determining their notification obligations under regulatory 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
Average Trading Volume: 417,032
Technical Sentiment Signal: Strong Buy
Current Market Cap: £541.6M
For a thorough assessment of HTG stock, go to TipRanks’ Stock Analysis page.