Hunting (LON:HTG) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Hunting PLC (LON:HTG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 358.83 and traded as high as GBX 478. Hunting shares last traded at GBX 475.50, with a volume of 492,813 shares changing hands.

Analysts Set New Price Targets

HTG has been the subject of a number of recent analyst reports. Berenberg Bank decreased their price target on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Canaccord Genuity Group dropped their target price on Hunting to GBX 600 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada raised their target price on Hunting from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 510.

Hunting Price Performance

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 company has a market cap of £706.51 million, a PE ratio of -22.43, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The stock has a fifty day moving average price of GBX 404.65 and a 200-day moving average price of GBX 358.83.

Insider Activity

In other Hunting news, insider Margaret Amos purchased 5,136 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of GBX 387 per share, for a total transaction of £19,876.32. Also, insider Stuart Brightman bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average price of GBX 388 per share, with a total value of £77,600. 3.36% of the stock is owned by company insiders.

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.