Hunting (LON:HTG) Reaches New 1-Year High – Time to Buy?

Hunting PLC (LON:HTG)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 466 and last traded at GBX 451, with a volume of 357531 shares changing hands. The stock had previously closed at GBX 444.

Analyst Ratings Changes

A number of research analysts recently commented on HTG shares. Berenberg Bank reduced their target price on Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Canaccord Genuity Group cut their price objective on Hunting to GBX 600 and set a “buy” rating for the company in a report on Thursday, January 29th. Finally, Royal Bank Of Canada increased their price objective on 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, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 510.

Hunting Trading Up 1.9%

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 firm’s 50 day moving average price is GBX 392.43 and its 200 day moving average price is GBX 352.27. The stock has a market capitalization of £681.14 million, a P/E ratio of -21.34, a P/E/G ratio of 1.06 and a beta of 1.07.

Insider Buying and Selling

In other Hunting news, insider Stuart Brightman bought 20,000 shares of Hunting stock in a transaction dated 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 the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average price of GBX 387 per share, with a total value of £19,876.32. Corporate insiders own 3.14% 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.