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Hunting ( (GB:HTG) ) just unveiled an announcement.
Hunting PLC has executed a share buyback program, purchasing 86,902 of its ordinary shares at an average price of 348.16 pence per share. The company plans to cancel these shares, reducing its total number of shares in issue to 162,375,458. This move is part of a strategic effort to manage its capital structure, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:HTG) stock is a Buy with a £400.00 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: 415,493
Technical Sentiment Signal: Strong Buy
Current Market Cap: £538.8M
For detailed information about HTG stock, go to TipRanks’ Stock Analysis page.