Hunting (LON:HTG) Sets New 52-Week High – Here’s Why

Hunting PLC (LON:HTG)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 484.50 and last traded at GBX 484, with a volume of 542396 shares. The stock had previously closed at GBX 475.50.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Berenberg Bank cut their price target on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Canaccord Genuity Group reduced their target price on shares of Hunting to GBX 600 and set a “buy” rating for the company in a report on Thursday, January 29th. Finally, Royal Bank Of Canada boosted their target price 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. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price 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 has a fifty day simple moving average of GBX 404.65 and a 200-day simple moving average of GBX 358.83. The company has a market capitalization of £720.63 million, a price-to-earnings ratio of -22.88, a P/E/G ratio of 1.06 and a beta of 1.07.

Insider Buying and Selling at Hunting

In other news, insider Margaret Amos purchased 5,136 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average cost of GBX 387 per share, with a total value of £19,876.32. Also, insider Stuart Brightman purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average price of GBX 388 per share, for a total transaction of £77,600. Insiders own 3.36% 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.