Insider Selling: Hunting (LON:HTG) Insider Sells £335,400.78 in Stock

Hunting PLC (LON:HTGGet Free Report) insider Bruce Ferguson sold 66,154 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of GBX 507, for a total value of £335,400.78.

Bruce Ferguson also recently made the following trade(s):

  • On Friday, March 13th, Bruce Ferguson bought 6,568 shares of Hunting stock. The shares were purchased at an average cost of GBX 509 per share, for a total transaction of £33,431.12.

Hunting Price Performance

Shares of HTG opened at GBX 482 on Monday. The firm has a market cap of £709.03 million, a price-to-earnings ratio of -22.74, a PEG ratio of 1.06 and a beta of 0.74. The stock has a 50 day moving average of GBX 465.70 and a 200-day moving average of GBX 391.07. The company has a current ratio of 2.97, a quick ratio of 2.08 and a debt-to-equity ratio of 13.38. Hunting PLC has a 52 week low of GBX 245 and a 52 week high of GBX 553.

Hunting announced that its board has initiated a stock buyback plan on Thursday, March 5th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have weighed in on HTG shares. 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 note on Tuesday, January 20th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 600 price target on shares of Hunting in a research report on Thursday, March 5th. Finally, Berenberg Bank lifted their price target on shares of Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a report on Thursday, March 5th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 536.

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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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