Bruce Ferguson Acquires 2,122 Shares of Hunting (LON:HTG) Stock

Hunting PLC (LON:HTG) insider Bruce Ferguson acquired 2,122 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were bought at an average cost of GBX 348 per share, with a total value of £7,384.56.

Hunting Price Performance

HTG traded down GBX 7.50 during trading on Tuesday, reaching GBX 351. 373,084 shares of the company traded hands, compared to its average volume of 722,719. The company has a debt-to-equity ratio of 11.64, a quick ratio of 2.08 and a current ratio of 2.69. The company has a market cap of £545.26 million, a P/E ratio of -16.56, a PEG ratio of 1.06 and a beta of 1.07. Hunting PLC has a 12-month low of GBX 245 and a 12-month high of GBX 377.50. The firm has a fifty day simple moving average of GBX 332.80 and a 200 day simple moving average of GBX 301.05.

Hunting declared that its board has approved a share repurchase plan on Thursday, August 28th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the company to purchase up to 6.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HTG. Jefferies Financial Group increased their target price on Hunting from GBX 350 to GBX 400 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Collins Stewart reiterated a “buy” rating and set a GBX 600 target price on shares of Hunting in a research report on Thursday, August 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 440 target price on shares of Hunting in a research report on Tuesday, September 2nd. Berenberg Bank lowered their target price on Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 target price on shares of Hunting in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hunting has a consensus rating of “Buy” and a consensus target price of GBX 498.

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.