Insider Buying: Hunting (LON:HTG) Insider Purchases 3,986 Shares of Company Stock

Hunting PLC (LON:HTG) insider Bruce Ferguson bought 3,986 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was purchased at an average cost of GBX 375 per share, for a total transaction of £14,947.50.

Hunting Stock Performance

LON:HTG traded down GBX 4 during mid-day trading on Wednesday, hitting GBX 374. The stock had a trading volume of 399,299 shares, compared to its average volume of 2,988,352. Hunting PLC has a twelve month low of GBX 342.50 and a twelve month high of GBX 553. The company has a debt-to-equity ratio of 16.50, a quick ratio of 2.08 and a current ratio of 3.15. The stock has a market cap of £542.24 million, a price-to-earnings ratio of 13.60, a PEG ratio of 1.06 and a beta of 0.69. The company’s 50 day simple moving average is GBX 397.28 and its 200 day simple moving average is GBX 456.20.

Wall Street Analyst Weigh In

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

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.