Key Points
- Margaret Amos bought 5,136 Hunting shares on Dec. 12 at GBX 387 (total £19,876.32) and previously acquired 3,007 shares on Sept. 24 at GBX 332.
- The board has authorized a share buyback of up to $40.0 million (around 6.1% of outstanding shares), a move typically viewed as a signal the stock may be undervalued.
- Analysts are broadly positive with an average rating of Buy and an average target of GBX 498, with several firms setting targets as high as GBX 600.
Hunting PLC (LON:HTG - Get Free Report) insider Margaret Amos purchased 5,136 shares of the business's stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of GBX 387 per share, with a total value of £19,876.32.
Margaret Amos also recently made the following trade(s):
- On Wednesday, September 24th, Margaret Amos acquired 3,007 shares of Hunting stock. The shares were bought at an average cost of GBX 332 per share, for a total transaction of £9,983.24.
Hunting Trading Up 0.1%
Hunting stock opened at GBX 387 on Friday. Hunting PLC has a 52 week low of GBX 245 and a 52 week high of GBX 400. The stock has a market cap of £586.43 million, a PE ratio of -18.25, a P/E/G ratio of 1.06 and a beta of 1.07. The stock has a 50-day moving average price of GBX 355.03 and a 200 day moving average price of GBX 322.72. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64.
Hunting declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 28th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.
Analyst Ratings Changes
HTG has been the topic of a number of analyst reports. Jefferies Financial Group raised their target price on shares of Hunting from GBX 350 to GBX 400 and gave the stock a "buy" rating in a research report on Tuesday, September 30th. Collins Stewart reissued a "buy" rating and issued a GBX 600 price target on shares of Hunting in a research note on Thursday, August 28th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 600 price target on shares of Hunting in a report on Thursday, October 23rd. Berenberg Bank dropped their price objective on shares of Hunting from GBX 465 to GBX 450 and set a "buy" rating for the company in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 440 target price on shares of Hunting in a research report on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hunting currently has an average rating of "Buy" and an average target price of GBX 498.
View Our Latest Stock Report on Hunting
About Hunting
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
