Hunting PLC (LON:HTG – Get Free Report)’s share price crossed 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 trading hands.
Analyst Ratings Changes
A number of research analysts have recently weighed in on HTG shares. Berenberg Bank increased their target price on shares of Hunting from GBX 345 ($4.26) to GBX 365 ($4.51) and gave the company a “buy” rating in a research report on Wednesday, January 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 400 ($4.94) price objective on shares of Hunting in a report on Thursday, April 18th. Finally, Canaccord Genuity Group raised their price objective on shares of Hunting from GBX 400 ($4.94) to GBX 450 ($5.56) and gave the stock a “buy” rating in a report on Friday, March 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 407 ($5.03).
Get Our Latest Analysis on Hunting
Hunting Stock Performance
Hunting Announces Dividend
The company also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 11th will be issued a $0.05 dividend. This represents a yield of 1.18%. The ex-dividend date of this dividend is Thursday, April 11th. Hunting’s payout ratio is 1,454.55%.
Insider Buying and Selling at Hunting
In other Hunting news, insider Bruce Ferguson sold 28,960 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.74), for a total value of £87,748.80 ($108,385.38). Insiders own 7.40% of the company’s stock.
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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