Hunting (LON:HTG) Sets New 12-Month High – Here’s Why

Hunting PLC (LON:HTG)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 466 and last traded at GBX 451, with a volume of 357531 shares traded. The stock had previously closed at GBX 444.

Wall Street Analysts Forecast Growth

HTG has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on shares of Hunting from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Berenberg Bank lowered their target price on Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, Canaccord Genuity Group reduced their price target on Hunting to GBX 600 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 510.

Hunting Trading Up 1.9%

The stock’s fifty day simple moving average is GBX 392.43 and its two-hundred day simple moving average is GBX 352.27. The firm has a market cap of £681.14 million, a PE ratio of -21.34, a PEG ratio of 1.06 and a beta of 1.07. 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

In related news, insider Margaret Amos purchased 5,136 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 387 per share, for a total transaction of £19,876.32. Also, insider Stuart Brightman acquired 20,000 shares of Hunting stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average cost of GBX 388 per share, with a total value of £77,600. Insiders own 3.14% of the company’s stock.

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.