Hunting (LON:HTG) Hits New 52-Week High – Time to Buy?

Hunting PLC (LON:HTG) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 514 and last traded at GBX 501.41, with a volume of 791483 shares traded. The stock had previously closed at GBX 480.50.

Analyst Ratings Changes

Several analysts recently commented on the stock. Canaccord Genuity Group cut their target price on shares of Hunting to GBX 600 and set a “buy” rating for the company in a research note on Thursday, January 29th. Berenberg Bank cut their price objective 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, Royal Bank Of Canada raised their price objective on Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 510.

Hunting Stock Up 4.4%

The business’s 50 day moving average is GBX 412.15 and its 200 day moving average is GBX 363.56. 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 £745.01 million, a price-to-earnings ratio of -23.65, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.

Insider Buying and Selling at Hunting

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

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.