Hunting (LON:HTG) Reaches New 12-Month High at $372.00

Hunting PLC (LON:HTG - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 372 ($4.67) and last traded at GBX 372 ($4.67), with a volume of 15051 shares changing hands. The stock had previously closed at GBX 363 ($4.56).

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HTG. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 400 ($5.03) price target on shares of Hunting in a report on Thursday, April 18th. Canaccord Genuity Group lifted their target price on Hunting from GBX 400 ($5.03) to GBX 450 ($5.65) and gave the stock a "buy" rating in a report on Friday, March 1st. Finally, Berenberg Bank lifted their target price on Hunting from GBX 345 ($4.33) to GBX 365 ($4.59) and gave the stock a "buy" rating in a report on Wednesday, January 10th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 407 ($5.11).

Hunting Stock Up 2.0 %

The company has a debt-to-equity ratio of 8.24, a current ratio of 2.78 and a quick ratio of 2.08. The stock has a 50-day moving average of GBX 334.27 and a 200 day moving average of GBX 304.61. The company has a market cap of £616.05 million, a P/E ratio of 673.60, a PEG ratio of 1.06 and a beta of 1.10.

Hunting Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 11th will be given a $0.05 dividend. This represents a yield of 1.18%. The ex-dividend date is Thursday, April 11th. Hunting's dividend payout ratio is presently 1,428.57%.

Insider Buying and Selling at Hunting

In other news, insider Bruce Ferguson sold 28,960 shares of the business's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of GBX 303 ($3.81), for a total transaction of £87,748.80 ($110,237.19). Company insiders own 17.82% of the company's stock.

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.