Hunting’s (HTG) “Buy” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Hunting (LON:HTG) in a research report report published on Thursday, MarketBeat.com reports. They currently have a GBX 400 ($4.98) target price on the stock.

A number of other research firms have also issued reports on HTG. Berenberg Bank boosted their target price on shares of Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the company a buy rating in a research note on Wednesday, January 10th. Canaccord Genuity Group boosted their price target on shares of Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the stock a buy rating in a research report on Friday, March 1st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and an average price target of GBX 407 ($5.07).

Hunting Trading Up 1.4 %

Hunting stock opened at GBX 359 ($4.47) on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 8.24. The firm has a 50-day moving average price of GBX 321.90 and a two-hundred day moving average price of GBX 299.91. The firm has a market capitalization of £592.13 million, a price-to-earnings ratio of 652.73, a PEG ratio of 1.06 and a beta of 1.10. Hunting has a 52-week low of GBX 190 ($2.37) and a 52-week high of GBX 369.50 ($4.60).

Hunting Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 1.18%. Hunting’s dividend payout ratio (DPR) is 1,454.55%.

Insiders Place Their Bets

In related news, insider Bruce Ferguson sold 28,960 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.77), for a total value of £87,748.80 ($109,235.40). 7.40% of the stock is owned by insiders.

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.