Hunting (LON:HTG) Insider Acquires £19,876.32 in Stock

Hunting PLC (LON:HTG) insider Margaret Amos bought 5,136 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was bought at an average price of GBX 387 per share, for a total transaction of £19,876.32.

Margaret Amos also recently made the following trade(s):

• On Wednesday, September 24th, Margaret Amos purchased 3,007 shares of Hunting stock. The shares were bought at an average price of GBX 332 per share, with a total value of £9,983.24.

Hunting Trading Up 0.1%

LON HTG opened at GBX 387 on Monday. The business has a fifty day simple moving average of GBX 355.03 and a 200 day simple moving average of GBX 323.70. Hunting PLC has a 12 month low of GBX 245 and a 12 month high of GBX 400. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. The firm has a market capitalization of £586.43 million, a P/E ratio of -18.25, a PEG ratio of 1.06 and a beta of 1.07.

Hunting declared that its Board of Directors has authorized a share buyback plan on Thursday, August 28th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HTG. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 600 price objective on shares of Hunting in a research report on Thursday, October 23rd. Jefferies Financial Group upped their price objective on Hunting from GBX 350 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Berenberg Bank dropped their target price on Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 440 target price on shares of Hunting in a research note on Tuesday, September 2nd. Finally, Collins Stewart reaffirmed a “buy” rating and set a GBX 600 price target on shares of Hunting in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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.