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Hunting ( (GB:HTG) ) has issued an update.
Hunting PLC has announced a share buyback transaction, purchasing 94,455 of its ordinary shares at a volume-weighted average price of 339.71 pence per share. This move is part of its previously announced share buyback program, and the company plans to cancel these shares, reducing the total number of shares in issue to 160,851,238. This reduction in shares is expected to impact the company’s voting rights and may influence shareholder calculations under the FCA’s Disclosure Guidance and Transparency 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
Hunting PLC operates in the energy sector, primarily focusing on the manufacturing and distribution of products and services for the oil and gas industry. The company is known for its market focus on providing high-quality equipment and services to upstream oil and gas companies globally.
Average Trading Volume: 429,778
Technical Sentiment Signal: Strong Buy
Current Market Cap: £526.6M
Find detailed analytics on HTG stock on TipRanks’ Stock Analysis page.