Hunting (LON:HTG) Price Target Raised to GBX 500

Hunting (LON:HTG) had its price objective boosted by Royal Bank Of Canada from GBX 440 to GBX 500 in a report released on Tuesday, MarketBeat.com reports. They currently have an outperform rating on the stock.

Several other brokerages also recently issued reports on HTG. Berenberg Bank lowered their price objective on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Jefferies Financial Group upped their price objective on shares of Hunting from GBX 350 to GBX 400 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 target price on shares of Hunting in a research note on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Hunting presently has a consensus rating of “Buy” and an average price target of GBX 510.

Hunting Stock Performance

HTG opened at GBX 434 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64. The stock’s 50 day moving average price is GBX 381.32 and its two-hundred day moving average price is GBX 345.45. The firm has a market capitalization of £653.30 million, a P/E ratio of -20.47, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. Hunting has a 12-month low of GBX 245 and a 12-month high of GBX 440.

Insider Buying and Selling

In related news, insider Catherine Krajicek purchased 18,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of GBX 350 per share, for a total transaction of £63,000. Also, insider Stuart Brightman acquired 20,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were bought at an average price of GBX 388 per share, with a total value of £77,600. In the last quarter, insiders acquired 45,258 shares of company stock valued at $16,786,088. 3.14% of the stock is currently owned by corporate insiders.

About Hunting

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.