Key Points
- Hunting insider Paula Harris purchased 7,300 shares at GBX 392 each, representing a total investment of £28,616.
- Hunting shares rose 1.5% to open at GBX 400, while trading below their 50-day and 200-day moving averages.
- Analysts maintain a positive outlook, with four Buy ratings and one Hold rating; the consensus is “Moderate Buy” with an average price target of GBX 530.
Hunting PLC (LON:HTG - Get Free Report) insider Paula Harris bought 7,300 shares of Hunting stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of GBX 392 per share, for a total transaction of £28,616.
Hunting Trading Up 1.5%
Shares of LON HTG opened at GBX 400 on Thursday. The firm has a 50-day moving average of GBX 452.22 and a 200 day moving average of GBX 478.27. Hunting PLC has a 1 year low of GBX 300 and a 1 year high of GBX 553. The stock has a market cap of £582.65 million, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67. The company has a debt-to-equity ratio of 16.50, a current ratio of 3.15 and a quick ratio of 2.08.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on HTG shares. Canaccord Genuity Group restated a "buy" rating and issued a GBX 600 price objective on shares of Hunting in a report on Friday, August 21st. Berenberg Bank cut their target price on shares of Hunting from GBX 580 to GBX 550 and set a "buy" rating for the company in a research report on Friday, August 21st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 530.
Read Our Latest Research Report on HTG
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.
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