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Hunting ( (GB:HTG) ) has provided an update.
Hunting PLC has executed a share buyback program, purchasing 97,888 ordinary shares at an average price of 339.13 pence per share. The company plans to cancel these shares, reducing the total number of shares in issue to 162,809,048, which will affect the calculation of voting rights for shareholders.
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
Hunting PLC operates in the energy sector, providing products and services primarily focused on the oil and gas industry. The company is involved in manufacturing and distributing equipment essential for exploration and extraction activities.
Average Trading Volume: 412,909
Technical Sentiment Signal: Strong Buy
Current Market Cap: £531.8M
Learn more about HTG stock on TipRanks’ Stock Analysis page.