Hunting plc’s (LON:HTG) “Outperform” Rating Reaffirmed at Credit Suisse Group
Hunting plc (LON:HTG)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse Group in a research note issued to investors on Wednesday. They presently have a GBX 600 ($7.81) price objective on the stock. Credit Suisse Group’s price objective points to a potential upside of 31.72% from the stock’s current price.
Several other research analysts also recently weighed in on HTG. Canaccord Genuity reiterated a “sell” rating and issued a GBX 425 ($5.53) target price on shares of Hunting plc in a research note on Friday, April 21st. Deutsche Bank AG reissued a “buy” rating and issued a GBX 700 ($9.12) price target on shares of Hunting plc in a report on Friday, May 19th. Goldman Sachs Group, Inc. (The) reduced their price target on Hunting plc from GBX 774 ($10.08) to GBX 686.40 ($8.94) and set a “buy” rating for the company in a report on Tuesday, May 23rd. Barclays PLC reissued an “overweight” rating and issued a GBX 650 ($8.46) price target on shares of Hunting plc in a report on Wednesday, July 5th. Finally, Macquarie reissued an “underperform” rating and issued a GBX 370 ($4.82) price target on shares of Hunting plc in a report on Wednesday, July 5th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Hunting plc presently has a consensus rating of “Hold” and a consensus target price of GBX 565.95 ($7.37).
Hunting plc (HTG) opened at 452.40 on Wednesday. The firm’s market capitalization is GBX 737.17 million. Hunting plc has a one year low of GBX 404.75 and a one year high of GBX 650.00. The firm has a 50-day moving average price of GBX 481.61 and a 200-day moving average price of GBX 534.75.
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In other news, insider Annell R. Bay acquired 3,840 shares of Hunting plc stock in a transaction that occurred on Wednesday, June 14th. The stock was purchased at an average cost of GBX 518 ($6.75) per share, with a total value of £19,891.20 ($25,903.37).
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 during 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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