Hunting (LON:HTG) Insider Bruce Ferguson Sells 66,154 Shares

Hunting PLC (LON:HTGGet Free Report) 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 value of £335,400.78.

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

  • On Friday, March 13th, Bruce Ferguson purchased 6,568 shares of Hunting stock. The stock was bought at an average price of GBX 509 per share, with a total value of £33,431.12.

Hunting Stock Down 3.2%

HTG stock opened at GBX 482 on Friday. The company has a market cap of £709.03 million, a price-to-earnings ratio of -22.74, a P/E/G ratio of 1.06 and a beta of 0.74. Hunting PLC has a twelve month low of GBX 245 and a twelve month high of GBX 553. The business has a 50 day moving average price of GBX 465.70 and a two-hundred day moving average price of GBX 390.19. The company has a quick ratio of 2.08, a current ratio of 2.97 and a debt-to-equity ratio of 13.38.

Hunting announced that its board has approved a stock repurchase plan on Thursday, March 5th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

More Hunting News

Here are the key news stories impacting Hunting this week:

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank Of Canada increased their price target on shares of Hunting from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 600 target price on shares of Hunting in a report on Thursday, March 5th. Finally, Berenberg Bank raised 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. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 536.

Get Our Latest Stock Analysis on HTG

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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