Stuart Brightman Purchases 20,000 Shares of Hunting (LON:HTG) Stock

Hunting PLC (LON:HTG) insider Stuart Brightman acquired 20,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were bought at an average cost of GBX 388 per share, for a total transaction of £77,600.

Hunting Trading Down 0.1%

Shares of HTG opened at GBX 390 on Wednesday. Hunting PLC has a 1 year low of GBX 245 and a 1 year high of GBX 400. 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 50 day simple moving average of GBX 357.14 and a 200-day simple moving average of GBX 325.55. The stock has a market cap of £590.97 million, a PE ratio of -18.40, a PEG ratio of 1.06 and a beta of 1.07.

Hunting announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 28th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Collins Stewart reiterated a “buy” rating and set a GBX 600 price objective on shares of Hunting in a research note on Thursday, August 28th. Jefferies Financial Group upped their target price on shares of Hunting from GBX 350 to GBX 400 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 target price on shares of Hunting in a research report on Thursday, October 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 440 price target on shares of Hunting in a research report on Tuesday, September 2nd. Finally, Berenberg Bank decreased their price objective on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 498.

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.