Hunting (LON:HTG) Insider Bruce Ferguson Purchases 6,568 Shares of Stock

Hunting PLC (LON:HTGGet Free Report) insider Bruce Ferguson acquired 6,568 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of GBX 509 per share, with a total value of £33,431.12.

Bruce Ferguson also recently made the following trade(s):

  • On Tuesday, March 10th, Bruce Ferguson sold 66,154 shares of Hunting stock. The shares were sold at an average price of GBX 507, for a total transaction of £335,400.78.

Hunting Stock Down 3.2%

LON:HTG opened at GBX 482 on Friday. Hunting PLC has a 12-month low of GBX 245 and a 12-month high of GBX 553. The company has a quick ratio of 2.08, a current ratio of 2.97 and a debt-to-equity ratio of 13.38. The firm has a market capitalization of £709.03 million, a P/E ratio of -22.74, a P/E/G ratio of 1.06 and a beta of 0.74. The stock’s fifty day simple moving average is GBX 465.70 and its 200-day simple moving average is GBX 390.19.

Hunting declared that its board has initiated a stock buyback program on Thursday, March 5th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Key Hunting News

Here are the key news stories impacting Hunting this week:

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and set a GBX 600 price objective on shares of Hunting in a research note on Thursday, March 5th. Berenberg Bank upped their target price on shares of Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hunting currently has an average rating of “Buy” and an average target price of GBX 536.

View Our Latest Stock Report on Hunting

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.

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