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The latest update is out from Hunting ( (GB:HTG) ).
Hunting PLC has announced the purchase of 75,732 of its own ordinary shares as part of its share buyback program, with the intention to cancel these shares. This move will result in a total of 162,462,360 ordinary shares remaining in circulation, impacting the total number of voting rights and potentially affecting shareholder interests in accordance with the FCA’s rules.
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: 416,695
Technical Sentiment Signal: Strong Buy
Current Market Cap: £542.4M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.