Hunting (LON:HTG) Sets New 12-Month High – Here’s What Happened
by Michael Walen · The Markets DailyHunting PLC (LON:HTG – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 447.50 and last traded at GBX 447.50, with a volume of 203405 shares trading hands. The stock had previously closed at GBX 440.
Analyst Ratings Changes
Several research firms have recently commented on HTG. Berenberg Bank reduced their price target on Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Jefferies Financial Group lifted their target price on shares of Hunting from GBX 350 to GBX 400 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 target price on shares of Hunting in a report on Thursday, October 23rd. Finally, 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. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 510.
Read Our Latest Report on Hunting
Hunting Stock Performance
The firm’s fifty day moving average is GBX 384.32 and its 200-day moving average is GBX 347.87. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. The stock has a market capitalization of £663.08 million, a PE ratio of -20.78, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.
Insider Activity at Hunting
In related news, insider Stuart Brightman acquired 20,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average price of GBX 388 per share, with a total value of £77,600. Also, insider Catherine Krajicek bought 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of GBX 350 per share, with a total value of £63,000. Insiders acquired a total of 45,258 shares of company stock valued at $16,786,088 over the last 90 days. Insiders own 3.14% of the company’s stock.
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.