Hunting (LON:HTG) Sets New 12-Month High – Still a Buy?

Hunting PLC (LON:HTG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 514 and last traded at GBX 501.41, with a volume of 791483 shares changing hands. The stock had previously closed at GBX 480.50.

Analyst Upgrades and Downgrades

Several brokerages have commented on HTG. Canaccord Genuity Group dropped their price target on shares of Hunting to GBX 600 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Royal Bank Of Canada increased their price objective on Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Finally, Berenberg Bank cut their target price on Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 510.

Hunting Stock Up 4.4%

The firm has a market cap of £745.01 million, a price-to-earnings ratio of -23.65, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The stock’s 50 day moving average is GBX 412.15 and its 200 day moving average is GBX 363.56. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64.

Insider Buying and Selling at Hunting

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

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.