Hunting (LON:HTG) Insider Purchases £33,431.12 in Stock

Hunting PLC (LON:HTG) insider Bruce Ferguson purchased 6,568 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of GBX 509 per share, with a total value 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 value of £335,400.78.

Hunting Stock Performance

Shares of Hunting stock traded down GBX 16 during trading hours on Friday, hitting GBX 482. 286,799 shares of the company’s stock traded hands, compared to its average volume of 1,794,563. The stock has a market capitalization of £709.03 million, a price-to-earnings ratio of -22.74, a PEG ratio of 1.06 and a beta of 0.74. Hunting PLC has a 12-month low of GBX 245 and a 12-month high of GBX 553. The company has a debt-to-equity ratio of 13.38, a current ratio of 2.97 and a quick ratio of 2.08. The company has a fifty day simple moving average of GBX 463.53 and a 200-day simple moving average of GBX 389.08.

Hunting declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 5th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

HTG has been the subject of several recent research reports. Berenberg Bank lifted their target price on shares of Hunting from GBX 450 to GBX 580 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Royal Bank Of Canada raised their price objective on shares of Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 price objective on shares of Hunting in a research note on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 536.

About Hunting

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.