Hunting (LON:HTG) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?
by Kim Johansen · The Markets DailyHunting PLC (LON:HTG – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 456.18 and traded as high as GBX 491. Hunting shares last traded at GBX 489.50, with a volume of 294,077 shares.
Wall Street Analyst Weigh In
HTG has been the subject of a number of research reports. Jefferies Financial Group restated a “hold” rating and set a GBX 400 price objective on shares of Hunting in a research report on Thursday, April 16th. Canaccord Genuity Group restated a “buy” rating and set a GBX 600 price objective on shares of Hunting in a research report on Wednesday, April 15th. Finally, Berenberg Bank lifted their price target on Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 536.
View Our Latest Stock Report on HTG
Hunting Trading Up 2.7%
The firm has a market capitalization of £715.25 million, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.71. The company has a current ratio of 2.97, a quick ratio of 2.08 and a debt-to-equity ratio of 13.38. The company has a fifty day moving average price of GBX 488.65 and a 200-day moving average price of GBX 456.18.
Hunting announced that its board has authorized a stock buyback program on Thursday, March 5th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
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.