Insider Buying: Hunting (LON:HTG) Insider Purchases £14,947.50 in Stock

Key Points

• Insider Bruce Ferguson bought 3,986 Hunting shares at GBX 375 each, for a total of £14,947.50.
• Hunting shares traded at GBX 374, down 1.1% on the day, and remained below their 50-day and 200-day moving averages.
• Analysts give Hunting a consensus “Moderate Buy” rating and a GBX 510 price target; views include three Buy ratings and one Hold.

Hunting PLC (LON:HTG - Get Free Report) insider Bruce Ferguson purchased 3,986 shares of the firm's stock in a transaction dated Monday, November 2nd. The shares were acquired at an average cost of GBX 375 per share, with a total value of £14,947.50.

Hunting Stock Down 1.1%

Shares of LON HTG traded down GBX 4 during midday trading on Wednesday, reaching GBX 374. The company's stock had a trading volume of 399,299 shares, compared to its average volume of 2,988,352. The stock has a 50 day simple moving average of GBX 397.28 and a 200-day simple moving average of GBX 456.20. The company has a current ratio of 3.15, a quick ratio of 2.08 and a debt-to-equity ratio of 16.50. The stock has a market capitalization of £542.24 million, a price-to-earnings ratio of 13.60, a PEG ratio of 1.06 and a beta of 0.69. Hunting PLC has a fifty-two week low of GBX 342.50 and a fifty-two week high of GBX 553.

Wall Street Analysts Forecast Growth

HTG has been the topic of several recent research reports. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 600 price target on shares of Hunting in a research note on Wednesday, October 28th. Jefferies Financial Group restated a "hold" rating and set a GBX 470 price objective on shares of Hunting in a research note on Thursday, October 29th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 470 price objective on shares of Hunting in a report on Thursday, October 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Hunting has an average rating of "Moderate Buy" and a consensus target price of GBX 510.

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.

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