Key Points
- Insider transaction: Director Bruce Ferguson sold 66,154 shares at GBX 507 on March 10 for £335,400.78 but then bought 6,568 shares at GBX 509 on March 13, a mixed insider signal of sizeable disposition followed by a smaller repurchase.
- Share buyback: The board authorized a £40 million buyback (up to 5.3% of shares) on March 5, signalling management believes the stock may be undervalued.
- Analyst sentiment: Hunting holds a consensus "Buy" rating with a consensus target of GBX 536, and recent broker upgrades have pushed targets as high as GBX 580–600.
Hunting PLC (LON:HTG - Get Free Report) insider Bruce Ferguson acquired 6,568 shares of the business's stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of GBX 509 per share, for a total transaction of £33,431.12.
Bruce Ferguson also recently made the following trade(s):
- On Tuesday, March 10th, Bruce Ferguson sold 66,154 shares of Hunting stock. The stock was sold at an average price of GBX 507, for a total transaction of £335,400.78.
Hunting Stock Down 3.2%
Hunting stock opened at GBX 482 on Friday. The company has a current ratio of 2.97, a quick ratio of 2.08 and a debt-to-equity ratio of 13.38. Hunting PLC has a 1-year low of GBX 245 and a 1-year high of GBX 553. The company has a fifty day simple moving average of GBX 465.70 and a 200 day simple moving average of GBX 390.19. The company has a market cap of £709.03 million, a P/E ratio of -22.74, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74.
Hunting declared that its board has approved a share buyback program on Thursday, March 5th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.
Key Hunting News
Here are the key news stories impacting Hunting this week:
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 600 target price on shares of Hunting in a research report on Thursday, March 5th. Royal Bank Of Canada raised 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 boosted their price target on Hunting from GBX 450 to GBX 580 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of GBX 536.
View Our Latest Stock Analysis on Hunting
Hunting Company Profile
(
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.
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