Catherine Krajicek Purchases 18,000 Shares of Hunting (LON:HTG) Stock

Hunting PLC (LON:HTG) insider Catherine Krajicek purchased 18,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of GBX 350 per share, with a total value of £63,000.

Hunting Price Performance

LON HTG traded up GBX 7 on Wednesday, reaching GBX 358. The company’s stock had a trading volume of 228,169 shares, compared to its average volume of 720,419. Hunting PLC has a twelve month low of GBX 245 and a twelve month high of GBX 377.50. The company has a debt-to-equity ratio of 11.64, a quick ratio of 2.08 and a current ratio of 2.69. The stock has a market cap of £556.14 million, a PE ratio of -16.89, a PEG ratio of 1.06 and a beta of 1.07. The firm’s 50 day moving average is GBX 333.36 and its two-hundred day moving average is GBX 301.73.

Hunting announced that its board has approved a share repurchase plan on Thursday, August 28th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

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

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.