Hunting plc (LON:HTG)’s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 930.50 ($12.62) and last traded at GBX 908.50 ($12.32), with a volume of 1029233 shares changing hands. The stock had previously closed at GBX 883.50 ($11.98).
Several equities analysts have weighed in on HTG shares. Numis Securities lifted their price objective on Hunting from GBX 816 ($11.07) to GBX 848 ($11.50) and gave the company a “buy” rating in a report on Monday, March 5th. Investec raised Hunting to a “hold” rating and lifted their price objective for the company from GBX 670 ($9.09) to GBX 820 ($11.12) in a report on Friday, April 27th. Deutsche Bank reaffirmed a “hold” rating on shares of Hunting in a report on Friday, April 6th. Royal Bank of Canada lifted their price target on Hunting from GBX 680 ($9.22) to GBX 800 ($10.85) and gave the company an “outperform” rating in a research note on Wednesday, March 7th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 700 ($9.50) price target on shares of Hunting in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 730.10 ($9.90).
In other news, insider Keith Lough acquired 2,000 shares of Hunting stock in a transaction that occurred on Monday, April 23rd. The shares were acquired at an average price of GBX 785 ($10.65) per share, for a total transaction of £15,700 ($21,296.80). Also, insider Peter Rose sold 8,129 shares of the business’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of GBX 800 ($10.85), for a total value of £65,032 ($88,214.87).
Hunting PLC manufactures, supplies, and distributes products that enable the extraction of oil and gas to upstream oil and gas companies. The company offers perforating guns and accessories; and premium connections, OCTG equipment, drilling tools, subsea equipment, intervention tools, and electronics.
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