Margaret Amos Purchases 5,136 Shares of Hunting (LON:HTG) Stock

Hunting PLC (LON:HTG) insider Margaret Amos purchased 5,136 shares of Hunting stock in a transaction dated Friday, December 12th. The stock was bought at an average price of GBX 387 per share, for a total transaction of £19,876.32.

Margaret Amos also recently made the following trade(s):

• On Wednesday, September 24th, Margaret Amos acquired 3,007 shares of Hunting stock. The shares were bought at an average price of GBX 332 per share, with a total value of £9,983.24.

Hunting Stock Performance

Shares of Hunting stock opened at GBX 387 on Friday. The company’s 50 day moving average price is GBX 355.03 and its two-hundred day moving average price is GBX 323.21. Hunting PLC has a fifty-two week low of GBX 245 and a fifty-two week high of GBX 400. The firm has a market capitalization of £586.43 million, a P/E ratio of -18.25, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08.

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

Wall Street Analysts Forecast Growth

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

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.