Jefferies Financial Group reiterated their hold rating on shares of Hunting (LON:HTG – Free Report) in a research note published on Thursday morning,Digital Look reports. They currently have a GBX 400 target price on the stock.
Several other equities research analysts also recently issued reports on HTG. Berenberg Bank boosted their price objective on Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a report on Thursday, March 5th. Canaccord Genuity Group restated a “buy” rating and set a GBX 600 price target on shares of Hunting in a report on Wednesday. Finally, Royal Bank Of Canada upped their price target on Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Four investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of GBX 536.
Hunting Price Performance
Hunting declared that its board has initiated a stock buyback program on Thursday, March 5th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
Insider Activity
In other news, insider Bruce Ferguson sold 66,154 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 507, for a total transaction of £335,400.78. Corporate insiders own 3.40% of the company’s stock.
Key Stories Impacting Hunting
Here are the key news stories impacting Hunting this week:
- Positive Sentiment: Board sets sterling payment rate for the 2025 final dividend — confirms currency and payment details following shareholder approval, supporting income-focused investors and signaling management confidence. Read More.
- Positive Sentiment: Full shareholder backing at the AGM — all 18 resolutions passed, securing key capital authorities and removing near-term governance uncertainty. Read More.
- Positive Sentiment: Q1 trading update: Hunting holds 2026 guidance — reported Q1 EBITDA of $23.2m and a 10% margin; management cites a strong order book and cost reductions as drivers of resilience. This underpins near-term profit visibility. Read More.
- Positive Sentiment: Canaccord reaffirms “buy” with GBX 600 price target — provides bullish broker support and a valuation upside case versus current levels. Read More.
- Negative Sentiment: Jefferies reaffirms “hold” with a GBX 400 price target — a more cautious broker stance and a target materially below the current share price could cap near-term upside. Read More.
- Negative Sentiment: Executive committee member Scott George sold his entire holding (117,990 ordinary shares) — insider selling can raise short-term concern about insider conviction, though reasons for the sale were not provided. Read More.
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.
See Also
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