Hunting plc (LON:HTG) Insider Richard Hunting Sells 18,000 Shares

Hunting plc (LON:HTG) insider Richard Hunting sold 18,000 shares of Hunting stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of GBX 216 ($2.66), for a total transaction of £38,880 ($47,846.42).

LON:HTG opened at GBX 224 ($2.76) on Tuesday. The business’s 50-day moving average is GBX 183.68 and its two-hundred day moving average is GBX 263.09. The firm has a market capitalization of $343.08 million and a PE ratio of 9.53. Hunting plc has a 12 month low of GBX 148.90 ($1.83) and a 12 month high of GBX 568 ($6.99). The company has a debt-to-equity ratio of 4.14, a current ratio of 4.69 and a quick ratio of 2.13.

Several equities analysts recently commented on the company. Credit Suisse Group dropped their target price on Hunting from GBX 370 ($4.55) to GBX 210 ($2.58) and set a “neutral” rating for the company in a research note on Thursday, March 26th. Goldman Sachs Group raised shares of Hunting to a “buy” rating and raised their target price for the stock from GBX 180 ($2.22) to GBX 340 ($4.18) in a research report on Monday, June 22nd. Canaccord Genuity dropped their price target on shares of Hunting from GBX 475 ($5.85) to GBX 275 ($3.38) and set a “buy” rating for the company in a research report on Monday, May 18th. Barclays reiterated an “underweight” rating on shares of Hunting in a report on Tuesday. Finally, Royal Bank of Canada dropped their price objective on Hunting from GBX 290 ($3.57) to GBX 280 ($3.45) and set an “outperform” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 309.55 ($3.81).

About Hunting

Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.

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