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Hunting ( (GB:HTG) ) has issued an update.
Hunting PLC has executed a share buyback program, purchasing 98,484 of its ordinary shares at an average price of 342.70 pence per share. The company plans to cancel these shares, reducing the total number of shares in issue to 160,752,754, which will also be the new total number of voting rights. This move is part of a strategic effort to optimize capital structure and potentially enhance shareholder value.
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 expertise in providing high-quality equipment and solutions to enhance the efficiency and safety of energy extraction and production processes.
Average Trading Volume: 430,572
Technical Sentiment Signal: Strong Buy
Current Market Cap: £524.7M
See more data about HTG stock on TipRanks’ Stock Analysis page.