tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Hunting PLC Executes Share Buyback, Cancelling 84,973 Shares

Story Highlights
Hunting PLC Executes Share Buyback, Cancelling 84,973 Shares

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Hunting ( (GB:HTG) ) has shared an announcement.

Hunting PLC has announced the repurchase of 84,973 of its ordinary shares as part of its share buyback program, which was initially announced in August 2025. The shares were bought at a volume-weighted average price of 341.78 pence per share, with the highest price at 345.50 pence and the lowest at 337.00 pence. The company plans to cancel these shares, reducing the total number of shares in issue to 162,290,485, which will also be the new total number of voting rights. This move is part of the company’s strategy to manage its capital structure and could impact shareholder value and market perception.

The most recent analyst rating on (GB:HTG) stock is a Buy with a £400.00 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: 415,493

Technical Sentiment Signal: Strong Buy

Current Market Cap: £538.8M

Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1