Hunting (LON:HTG) Reaches New 52-Week High – Still a Buy?

Hunting PLC (LON:HTG)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 484.50 and last traded at GBX 484, with a volume of 542396 shares changing hands. The stock had previously closed at GBX 475.50.

Analyst Ratings Changes

Several equities analysts have recently commented on HTG shares. Canaccord Genuity Group decreased their target price on Hunting to GBX 600 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Royal Bank Of Canada boosted their price target on Hunting from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, Berenberg Bank lowered their price objective on Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 510.

Hunting Stock Up 1.1%

The stock has a 50-day moving average of GBX 409.98 and a 200-day moving average of GBX 361.65. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08. The firm has a market cap of £713.94 million, a price-to-earnings ratio of -22.67, a P/E/G ratio of 1.06 and a beta of 1.07.

Insider Buying and Selling at Hunting

In other news, insider Margaret Amos acquired 5,136 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average price of GBX 387 per share, with a total value of £19,876.32. Also, insider Stuart Brightman acquired 20,000 shares of Hunting stock in a transaction on Friday, December 12th. The shares were purchased at an average price of GBX 388 per share, for a total transaction of £77,600. Corporate insiders own 3.36% of the company’s stock.

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.