Hunting (LON:HTG) Insider Stuart Brightman Buys 20,000 Shares

Hunting PLC (LON:HTG) insider Stuart Brightman acquired 20,000 shares of Hunting stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of GBX 388 per share, with a total value of £77,600.

Hunting Trading Up 0.9%

HTG opened at GBX 390.50 on Tuesday. Hunting PLC has a 1-year low of GBX 245 and a 1-year high of GBX 400. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08. The firm has a market capitalization of £591.73 million, a price-to-earnings ratio of -18.42, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The company’s 50 day simple moving average is GBX 356.07 and its two-hundred day simple moving average is GBX 324.62.

Hunting declared that its board has approved a stock repurchase program on Thursday, August 28th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

HTG has been the subject of a number of recent analyst reports. Berenberg Bank cut their price target on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a report on Thursday, October 23rd. Collins Stewart reaffirmed a “buy” rating and set a GBX 600 price objective on shares of Hunting in a research report on Thursday, August 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 price target on shares of Hunting in a research note on Thursday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 440 price objective on shares of Hunting in a report on Tuesday, September 2nd. Finally, Jefferies Financial Group upped 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. Five 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 an average target price of GBX 498.

Hunting Company Profile

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.