Hunting (HTG) Lowered to “Equal Weight” at Barclays
Barclays downgraded shares of Hunting (LON:HTG) to an equal weight rating in a research note released on Wednesday. Barclays currently has GBX 1,000 ($13.07) price target on the stock, up from their prior price target of GBX 940 ($12.28).
A number of other research firms have also weighed in on HTG. UBS Group reissued a neutral rating and set a GBX 840 ($10.98) price target (down from GBX 900 ($11.76)) on shares of Hunting in a research report on Friday, October 5th. Numis Securities raised their price target on shares of Hunting from GBX 848 ($11.08) to GBX 921 ($12.03) and gave the company a hold rating in a research report on Friday, August 31st. Kepler Capital Markets raised shares of Hunting to a buy rating and raised their price target for the company from GBX 860 ($11.24) to GBX 1,000 ($13.07) in a research report on Tuesday, September 4th. Finally, Morgan Stanley lowered shares of Hunting to an underweight rating and lifted their price objective for the stock from GBX 920 ($12.02) to GBX 980 ($12.81) in a research report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 839.53 ($10.97).
HTG opened at GBX 742 ($9.70) on Wednesday. Hunting has a fifty-two week low of GBX 376.50 ($4.92) and a fifty-two week high of GBX 735.50 ($9.61).
Hunting Company Profile
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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