Hunting (LON:HTG) was upgraded by research analysts at Kepler Capital Markets to a “buy” rating in a report released on Tuesday. The firm currently has a GBX 1,000 ($12.90) target price on the stock, up from their previous target price of GBX 860 ($11.09). Kepler Capital Markets’ price objective suggests a potential upside of 30.46% from the stock’s previous close.
Several other equities research analysts have also issued reports on HTG. Numis Securities lifted their price objective on Hunting from GBX 848 ($10.94) to GBX 921 ($11.88) and gave the company a “hold” rating in a research note on Friday, August 31st. Barclays reissued an “overweight” rating on shares of Hunting in a research note on Friday, August 31st. Morgan Stanley lowered Hunting to an “underweight” rating and lifted their price objective for the company from GBX 920 ($11.87) to GBX 980 ($12.64) in a research note on Friday, August 31st. UBS Group lifted their price objective on Hunting from GBX 850 ($10.96) to GBX 900 ($11.61) and gave the company a “neutral” rating in a research note on Friday, August 31st. Finally, Credit Suisse Group lifted their price objective on Hunting from GBX 850 ($10.96) to GBX 950 ($12.25) and gave the company an “outperform” rating in a research note on Thursday, May 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 828.69 ($10.69).
LON:HTG opened at GBX 766.50 ($9.89) on Tuesday. Hunting has a 52-week low of GBX 376.50 ($4.86) and a 52-week high of GBX 735.50 ($9.49).
In other news, insider Carol Chesney purchased 2,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The stock was purchased at an average price of GBX 823 ($10.62) per share, with a total value of £16,460 ($21,233.23). Also, insider John (Jay) F. Glick purchased 9,500 shares of the company’s stock in a transaction on Friday, June 22nd. The shares were purchased at an average cost of GBX 789 ($10.18) per share, with a total value of £74,955 ($96,691.18).
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.
Receive News & Ratings for Hunting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hunting and related companies with MarketBeat.com's FREE daily email newsletter.