Insider Buying: Hunting (LON:HTG) Insider Purchases 3,000 Shares of Stock

Hunting PLC (LON:HTG) insider Keith Lough purchased 3,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of GBX 414 per share, with a total value of £12,420.

Hunting Trading Down 14.5%

Shares of LON:HTG traded down GBX 68.50 during midday trading on Friday, hitting GBX 405. 2,385,453 shares of the stock were exchanged, compared to its average volume of 3,475,459. The company has a debt-to-equity ratio of 13.38, a quick ratio of 2.08 and a current ratio of 2.97. Hunting PLC has a 12 month low of GBX 300 and a 12 month high of GBX 553. The business’s 50-day moving average price is GBX 459.45 and its 200 day moving average price is GBX 480.15. The stock has a market capitalization of £589.94 million, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.06 and a beta of 0.67.

Analysts Set New Price Targets

A number of analysts have recently commented on HTG shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 600 target price on shares of Hunting in a report on Wednesday, July 15th. Berenberg Bank lowered their price objective on shares of Hunting from GBX 580 to GBX 550 and set a “buy” rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 530.

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.