Hunting (LON:HTG) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Hunting PLC (LON:HTG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 358.83 and traded as high as GBX 478. Hunting shares last traded at GBX 475.50, with a volume of 492,813 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HTG shares. Canaccord Genuity Group reduced their price target on shares of Hunting to GBX 600 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Royal Bank Of Canada raised their price objective 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. Finally, Berenberg Bank lowered their target price 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. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Hunting has an average rating of “Buy” and a consensus price target of GBX 510.

Hunting Price Performance

The firm has a market cap of £706.51 million, a price-to-earnings ratio of -22.43, a PEG ratio of 1.06 and a beta of 1.07. The company’s fifty day moving average is GBX 404.65 and its 200 day moving average is GBX 358.83. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64.

Insiders Place Their Bets

In other news, insider Stuart Brightman purchased 20,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were purchased at an average cost of GBX 388 per share, with a total value of £77,600. Also, insider Margaret Amos bought 5,136 shares of Hunting stock in a transaction dated Friday, December 12th. The shares were acquired at an average price of GBX 387 per share, with a total value of £19,876.32. 3.36% of the stock is currently owned by insiders.

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.