Hunting (LON:HTG) Stock: Insider Stuart Brightman Acquires 45,000 Shares

Key Points

• Hunting insider Stuart Brightman bought 45,000 shares at an average price of GBX 377, for a total of £169,650.
• Shares traded at GBX 374 on Wednesday, down GBX 4, and remained below their 50-day and 200-day moving averages.
• Analysts’ consensus rating is Moderate Buy, with an average price target of GBX 510; ratings cited include three Buys and one Hold.

Hunting PLC (LON:HTG - Get Free Report) insider Stuart Brightman acquired 45,000 shares of the firm's stock in a transaction dated Tuesday, November 3rd. The stock was purchased at an average cost of GBX 377 per share, with a total value of £169,650.

Hunting Stock Performance

HTG traded down GBX 4 on Wednesday, hitting GBX 374. 399,299 shares of the company traded hands, compared to its average volume of 2,988,352. The company has a 50 day moving average of GBX 397.28 and a 200-day moving average of GBX 456.20. The company has a quick ratio of 2.08, a current ratio of 3.15 and a debt-to-equity ratio of 16.50. The stock has a market capitalization of £542.24 million, a PE ratio of 13.60, a PEG ratio of 1.06 and a beta of 0.69. Hunting PLC has a 12-month low of GBX 342.50 and a 12-month high of GBX 553.

Analysts Set New Price Targets

Several analysts recently commented on HTG shares. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 470 price objective on shares of Hunting in a research note on Thursday, October 29th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 600 target price on shares of Hunting in a report on Wednesday, October 28th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 470 price target on shares of Hunting in a research report on Thursday, October 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 510.

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.

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