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Hunting ( (GB:HTG) ) has issued an update.
Hunting PLC, a company involved in the energy services sector, has executed a share buyback program, purchasing 103,413 of its ordinary shares at an average price of 326.35 pence per share. This move is part of a previously announced program and results in a reduction of the company’s total shares in issue to 163,765,006, which may impact shareholder voting rights and interest notifications under regulatory guidelines.
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: 423,719
Technical Sentiment Signal: Buy
Current Market Cap: £515.8M
For detailed information about HTG stock, go to TipRanks’ Stock Analysis page.