Berenberg Bank Reiterates “Hold” Rating for Hunting (HTG)

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Hunting (LON:HTG)‘s stock had its “hold” rating reissued by analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 640 ($8.36) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 0.55% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Barclays restated an “equal weight” rating on shares of Hunting in a research note on Thursday, April 11th. Goldman Sachs Group downgraded Hunting to a “neutral” rating and decreased their target price for the company from GBX 907.50 ($11.86) to GBX 669 ($8.74) in a research note on Tuesday, March 26th. Canaccord Genuity decreased their target price on Hunting from GBX 775 ($10.13) to GBX 650 ($8.49) and set a “buy” rating for the company in a research note on Wednesday, March 27th. UBS Group upgraded Hunting to a “buy” rating and lifted their target price for the company from GBX 600 ($7.84) to GBX 710 ($9.28) in a research note on Monday, March 18th. Finally, Sanford C. Bernstein lifted their target price on Hunting from GBX 840 ($10.98) to GBX 850 ($11.11) and gave the company an “outperform” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 806.36 ($10.54).

HTG stock traded down GBX 13.50 ($0.18) during midday trading on Wednesday, reaching GBX 636.50 ($8.32). The company had a trading volume of 334,324 shares, compared to its average volume of 647,125. The company has a quick ratio of 1.73, a current ratio of 4.06 and a debt-to-equity ratio of 0.55. Hunting has a fifty-two week low of GBX 448 ($5.85) and a fifty-two week high of GBX 934.50 ($12.21). The company has a market cap of $1.04 billion and a P/E ratio of 12.17.

In other news, insider Arthur James Johnson sold 70,901 shares of the business’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).

About Hunting

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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Analyst Recommendations for Hunting (LON:HTG)

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