Hunting (LON:HTG) Insider Margaret Amos Buys 5,136 Shares

Hunting PLC (LON:HTG) insider Margaret Amos purchased 5,136 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were purchased at an average price of GBX 387 per share, for a total transaction of £19,876.32.

Margaret Amos also recently made the following trade(s):

• On Wednesday, September 24th, Margaret Amos acquired 3,007 shares of Hunting stock. The stock was purchased at an average price of GBX 332 per share, with a total value of £9,983.24.

Hunting Price Performance

Shares of HTG opened at GBX 387 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. The stock’s 50 day moving average is GBX 355.03 and its two-hundred day moving average is GBX 322.72. Hunting PLC has a twelve month low of GBX 245 and a twelve month high of GBX 400. The firm has a market capitalization of £586.43 million, a PE ratio of -18.25, a P/E/G ratio of 1.06 and a beta of 1.07.

Hunting announced that its board has approved a stock repurchase plan on Thursday, August 28th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the company to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

HTG has been the topic of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 600 price objective on shares of Hunting in a report on Thursday, October 23rd. Collins Stewart reaffirmed a “buy” rating and set a GBX 600 price target on shares of Hunting in a research note on Thursday, August 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 440 price target on shares of Hunting in a report on Tuesday, September 2nd. Berenberg Bank reduced their price objective on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group upped their target price on shares of Hunting from GBX 350 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently 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.