Hunting plc (HTG) Price Target Cut to GBX 530 by Analysts at Deutsche Bank AG
Hunting plc (LON:HTG) had its price target cut by Deutsche Bank AG from GBX 700 ($9.09) to GBX 530 ($6.88) in a research note released on Friday morning. They currently have a buy rating on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Barclays PLC restated an overweight rating and issued a GBX 650 ($8.44) price objective on shares of Hunting plc in a report on Wednesday, July 5th. Credit Suisse Group restated an outperform rating on shares of Hunting plc in a report on Friday, July 21st. Sanford C. Bernstein restated an outperform rating and issued a GBX 750 ($9.74) price objective on shares of Hunting plc in a report on Thursday, July 6th. Morgan Stanley cut shares of Hunting plc to an underweight rating and cut their price objective for the stock from GBX 550 ($7.14) to GBX 440 ($5.71) in a report on Wednesday, July 19th. Finally, J P Morgan Chase & Co increased their price target on shares of Hunting plc from GBX 290 ($3.76) to GBX 315 ($4.09) and gave the company a neutral rating in a report on Thursday, July 20th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Hunting plc currently has an average rating of Hold and a consensus price target of GBX 552.88 ($7.18).
Shares of Hunting plc (HTG) traded down 5.88% during mid-day trading on Friday, hitting GBX 402.10. The stock had a trading volume of 955,778 shares. The firm’s 50 day moving average price is GBX 461.01 and its 200 day moving average price is GBX 521.48. Hunting plc has a 1-year low of GBX 398.58 and a 1-year high of GBX 650.00. The company’s market cap is GBX 655.83 million.
In related news, insider Annell R. Bay acquired 3,840 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average price of GBX 518 ($6.72) per share, for a total transaction of £19,891.20 ($25,822.67).
About Hunting plc
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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