Bruce Ferguson Buys 2,122 Shares of Hunting (LON:HTG) Stock

Hunting PLC (LON:HTG) insider Bruce Ferguson purchased 2,122 shares of the stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of GBX 348 per share, with a total value of £7,384.56.

Hunting Stock Down 2.1%

LON HTG traded down GBX 7.50 during trading on Tuesday, hitting GBX 351. The company’s stock had a trading volume of 373,084 shares, compared to its average volume of 722,719. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08. Hunting PLC has a fifty-two week low of GBX 245 and a fifty-two week high of GBX 377.50. The company has a market cap of £545.26 million, a PE ratio of -16.56, a P/E/G ratio of 1.06 and a beta of 1.07. The business’s 50 day simple moving average is GBX 332.80 and its 200-day simple moving average is GBX 301.05.

Hunting announced that its board has approved a share buyback program on Thursday, August 28th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the company to buy up to 6.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HTG shares. Collins Stewart reaffirmed a “buy” rating and set a GBX 600 target price on shares of Hunting in a research note on Thursday, August 28th. Berenberg Bank reduced their target price on Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Jefferies Financial Group boosted their price target on Hunting from GBX 350 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 440 price target on shares of Hunting in a research report on Tuesday, September 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 price target on shares of Hunting in a research report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 498.

Hunting Company Profile

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.