Hunting PLC (LON:HTG – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 301.43 ($3.72) and traded as high as GBX 360 ($4.45). Hunting shares last traded at GBX 360 ($4.45), with a volume of 526,969 shares.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on HTG. Berenberg Bank lifted their target price on shares of Hunting from GBX 345 ($4.26) to GBX 365 ($4.51) and gave the stock a “buy” rating in a report on Wednesday, January 10th. Jefferies Financial Group reissued a “buy” rating and set a GBX 400 ($4.94) price objective on shares of Hunting in a report on Thursday, April 18th. Finally, Canaccord Genuity Group boosted their price objective on shares of Hunting from GBX 400 ($4.94) to GBX 450 ($5.56) and gave the company a “buy” rating in a report on Friday, March 1st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 407 ($5.03).
Get Our Latest Stock Analysis on HTG
Hunting Price Performance
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 issued a dividend of $0.05 per share. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.18%. Hunting’s dividend payout ratio is currently 1,454.55%.
Insider Buying and Selling at Hunting
In other Hunting news, insider Bruce Ferguson sold 28,960 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.74), for a total transaction of £87,748.80 ($108,385.38). 7.40% of the stock is owned by corporate insiders.
About Hunting
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.
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