Insider Buying: Hunting PLC (LON:HTG) Insider Purchases 3,300 Shares of Stock

Hunting PLC (LON:HTG) insider Paula Harris bought 3,300 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average cost of GBX 304 ($3.85) per share, for a total transaction of £10,032 ($12,697.13).

Hunting Stock Performance

Shares of HTG stock opened at GBX 305.50 ($3.87) on Tuesday. Hunting PLC has a 52 week low of GBX 247 ($3.13) and a 52 week high of GBX 465.37 ($5.89). The firm has a 50 day moving average of GBX 334.81 and a two-hundred day moving average of GBX 391.18. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.60. The stock has a market capitalization of £483.76 million, a PE ratio of 515.00, a P/E/G ratio of 1.06 and a beta of 1.07.

Wall Street Analysts Forecast Growth

HTG has been the subject of several recent research reports. Berenberg Bank reduced their price objective on Hunting from GBX 520 ($6.58) to GBX 460 ($5.82) and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 ($7.59) target price on shares of Hunting in a research report on Thursday, August 29th.

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.