Hunting (LON:HTG) Sets New 1-Year High – Here’s Why

Hunting PLC (LON:HTG) hit a new 52-week high during trading on Tuesday . The company 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Berenberg Bank reduced their price target on Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a report on Thursday, October 23rd. Canaccord Genuity Group cut their price objective on shares of Hunting to GBX 600 and set a “buy” rating on the stock in a research report on Thursday. Finally, Royal Bank Of Canada boosted their target price on shares of Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 510.

Hunting Price Performance

The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08. The stock’s 50 day moving average price is GBX 387.36 and its two-hundred day moving average price is GBX 349.33. The firm has a market capitalization of £681.90 million, a price-to-earnings ratio of -21.37, a PEG ratio of 1.06 and a beta of 1.07.

Insider Activity

In other news, insider Catherine Krajicek purchased 18,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was bought at an average cost of GBX 350 per share, for a total transaction of £63,000. Also, insider Bruce Ferguson purchased 2,122 shares of the stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of GBX 348 per share, for a total transaction of £7,384.56. Insiders bought 45,258 shares of company stock worth $16,786,088 in the last 90 days. 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.