Insider Buying: Hunting (LON:HTG) Insider Acquires £169,650 in Stock

Hunting PLC (LON:HTG – Get Free Report) insider Stuart Brightman bought 45,000 shares of Hunting stock in a transaction that occurred on Tuesday, November 3rd. The shares were acquired at an average cost of GBX 377 per share, for a total transaction of £169,650.

Hunting Price Performance

Shares of LON HTG opened at GBX 367 on Friday. The company has a debt-to-equity ratio of 16.50, a current ratio of 3.15 and a quick ratio of 2.08. The stock has a market capitalization of £532.09 million, a price-to-earnings ratio of 13.35, a PEG ratio of 1.06 and a beta of 0.69. The firm’s 50 day simple moving average is GBX 395.52 and its 200-day simple moving average is GBX 455.52. Hunting PLC has a 12 month low of GBX 344 and a 12 month high of GBX 553.

Analysts Set New Price Targets

A number of analysts recently issued reports on HTG shares. Berenberg Bank reissued a “buy” rating and set a GBX 470 price objective on shares of Hunting in a research report on Thursday, October 29th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 470 price objective on shares of Hunting in a report on Thursday, October 29th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 price target on shares of Hunting in a research note on Wednesday, October 28th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 510.

Read Our Latest Research Report on Hunting

About Hunting

(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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