Hunting’s (HTG) Hold Rating Reaffirmed at Berenberg Bank
Berenberg Bank reaffirmed their hold rating on shares of Hunting (LON:HTG) in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 640 ($8.36) price objective on the stock.
Several other research analysts also recently commented on HTG. Sanford C. Bernstein reduced their target price on Hunting from GBX 850 ($11.11) to GBX 840 ($10.98) and set an outperform rating on the stock in a report on Tuesday, January 8th. JPMorgan Chase & Co. raised Hunting to an overweight rating and upped their price objective for the stock from GBX 721 ($9.42) to GBX 729 ($9.53) in a report on Friday, January 11th. UBS Group reaffirmed a neutral rating and set a GBX 600 ($7.84) price objective (down previously from GBX 840 ($10.98)) on shares of Hunting in a report on Monday, February 4th. Royal Bank of Canada reduced their price objective on Hunting from GBX 930 ($12.15) to GBX 845 ($11.04) and set an outperform rating on the stock in a report on Thursday, February 21st. Finally, Numis Securities reaffirmed a buy rating and set a GBX 756 ($9.88) price objective on shares of Hunting in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Hunting currently has a consensus rating of Buy and a consensus target price of GBX 806.36 ($10.54).
Shares of HTG traded up GBX 4.50 ($0.06) on Wednesday, hitting GBX 640.50 ($8.37). The company’s stock had a trading volume of 242,972 shares, compared to its average volume of 647,125. The company has a market capitalization of $1.05 billion and a P/E ratio of 12.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.06 and a quick ratio of 1.73. Hunting has a fifty-two week low of GBX 448 ($5.85) and a fifty-two week high of GBX 934.50 ($12.21).
In other Hunting news, insider Arthur James Johnson sold 70,901 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of GBX 520 ($6.79), for a total transaction of £368,685.20 ($481,752.52).
Hunting Company Profile
Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.
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