Hunting (LON:HTG) Sets New 1-Year High on Analyst Upgrade

Shares of Hunting PLC (LON:HTG) reached a new 52-week high during trading on Tuesday after Royal Bank Of Canada raised their price target on the stock from GBX 440 to GBX 500. Royal Bank Of Canada currently has an outperform rating on the stock. Hunting traded as high as GBX 420 and last traded at GBX 420, with a volume of 109320 shares changing hands. The stock had previously closed at GBX 407.

Several other equities research analysts have also recently weighed in on HTG. Canaccord Genuity Group reissued a “buy” rating and set a GBX 600 price target on shares of Hunting in a research report on Thursday, October 23rd. Jefferies Financial Group increased 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. Finally, Berenberg Bank cut 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. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hunting presently has a consensus rating of “Buy” and a consensus price target of GBX 510.

Insider Activity at Hunting

In related news, insider Catherine Krajicek acquired 18,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of GBX 350 per share, for a total transaction of £63,000. Also, insider Bruce Ferguson bought 2,122 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of GBX 348 per share, with a total value of £7,384.56. Insiders acquired a total of 45,258 shares of company stock valued at $16,786,088 in the last 90 days. 3.14% of the stock is owned by company insiders.

Hunting Stock Up 3.2%

The firm has a market capitalization of £632.22 million, a P/E ratio of -19.81, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a fifty day simple moving average of GBX 376.98 and a 200 day simple moving average of GBX 343.35. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64.

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.