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Hunting ( (GB:HTG) ) has issued an announcement.
Hunting PLC has announced the purchase of 108,328 of its ordinary shares as part of its share buyback programme, with plans to cancel these shares, reducing the total number of shares in issue to 163,010,315. This move is part of the company’s strategy to manage its capital structure and could impact shareholder voting rights and ownership percentages.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £440.00 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: 414,518
Technical Sentiment Signal: Buy
Current Market Cap: £501.2M
See more insights into HTG stock on TipRanks’ Stock Analysis page.