Hunting plc (HTG) Coverage Initiated by Analysts at Morgan Stanley
Morgan Stanley began coverage on shares of Hunting plc (LON:HTG) in a report published on Tuesday morning. The brokerage issued an underweight rating and a GBX 400 ($5.22) price objective on the stock.
A number of other research firms have also weighed in on HTG. Barclays PLC reaffirmed an equal weight rating and issued a GBX 500 ($6.53) price objective on shares of Hunting plc in a research note on Tuesday, September 6th. Canaccord Genuity reaffirmed a sell rating and issued a GBX 225 ($2.94) price objective on shares of Hunting plc in a research note on Tuesday, September 6th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Hunting plc in a research note on Tuesday, September 6th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 560 ($7.31) price objective on shares of Hunting plc in a research note on Friday, August 19th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 305 ($3.98) price objective on shares of Hunting plc in a research note on Monday, September 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 377.76 ($4.93).
Shares of Hunting plc (LON:HTG) traded up 1.75% during trading on Tuesday, reaching GBX 495.40. The company’s stock had a trading volume of 382,120 shares. The company has a 50 day moving average of GBX 450.92 and a 200-day moving average of GBX 394.23. The stock’s market cap is GBX 733.69 million. Hunting plc has a 12-month low of GBX 232.00 and a 12-month high of GBX 502.50.
Hunting plc Company Profile
Hunting PLC is an international energy services provider to upstream oil and gas companies. The Company’s segments include Well Construction, Well Completion, Well Intervention, and Exploration and Production. The Well Construction segment provides products and services used by customers for the drilling phase of oil and gas wells, along with associated equipment used by the underground construction industry for telecommunication infrastructure build-out, and precision machining services for the energy, aviation and power generation sectors.
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