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Hunting ( (GB:HTG) ) has issued an announcement.
Hunting PLC has executed a share buyback program, purchasing 48,477 of its ordinary shares at a volume-weighted average price of 345.08 pence per share. The company plans to cancel these shares, reducing its total number of shares in circulation to 161,039,850, 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 may impact shareholder value by potentially increasing earnings per share.
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
Average Trading Volume: 419,058
Technical Sentiment Signal: Strong Buy
Current Market Cap: £541.6M
For an in-depth examination of HTG stock, go to TipRanks’ Overview page.