Hunting (LON:HTG) Reaches New 52-Week High – Here’s Why

Shares of Hunting PLC (LON:HTGGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 553 and last traded at GBX 546, with a volume of 203371 shares. The stock had previously closed at GBX 511.

Analyst Ratings Changes

Several brokerages have weighed in on HTG. Royal Bank Of Canada lifted their target price on Hunting from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Canaccord Genuity Group lowered their price target on Hunting to GBX 600 and set a “buy” rating on the stock in a report on Thursday, January 29th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 510.

Check Out Our Latest Report on Hunting

Hunting Trading Up 6.1%

The stock has a market capitalization of £805.32 million, a P/E ratio of -25.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.69. The business has a 50 day simple moving average of GBX 446.36 and a 200-day simple moving average of GBX 381.25. The company has a debt-to-equity ratio of 14.98, a quick ratio of 2.08 and a current ratio of 2.79.

Insider Activity

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

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.

Further Reading

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