Hunting plc (LON:HTG)‘s stock had its “sell” rating reiterated by investment analysts at Canaccord Genuity in a research note issued to investors on Monday. They presently have a GBX 225 ($2.94) price target on the stock. Canaccord Genuity’s price target suggests a potential downside of 53.06% from the company’s previous close.
Several other research analysts also recently commented on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 560 ($7.31) target price on shares of Hunting plc in a research note on Thursday. Credit Suisse Group AG assumed coverage on shares of Hunting plc in a research report on Monday, September 19th. They set a “neutral” rating and a GBX 500 ($6.53) price objective on the stock. Barclays PLC reissued an “equal weight” rating on shares of Hunting plc in a research report on Monday, September 12th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Hunting plc in a research report on Tuesday, September 6th. Finally, Liberum Capital reissued a “sell” rating and set a GBX 305 ($3.98) price objective on shares of Hunting plc in a research report on Monday, September 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 375.91 ($4.91).
Shares of Hunting plc (LON:HTG) traded up 4.49% during mid-day trading on Monday, hitting GBX 479.00. 610,843 shares of the stock traded hands. Hunting plc has a 1-year low of GBX 232.00 and a 1-year high of GBX 497.00. The company’s market capitalization is GBX 709.40 million. The company’s 50-day moving average price is GBX 450.28 and its 200 day moving average price is GBX 393.09.
About Hunting plc
Hunting PLC is an international energy services provider to upstream oil and gas companies. The Company’s segments include Well Construction, Well Completion, Well Intervention, and Exploration and Production. The Well Construction segment provides products and services used by customers for the drilling phase of oil and gas wells, along with associated equipment used by the underground construction industry for telecommunication infrastructure build-out, and precision machining services for the energy, aviation and power generation sectors.
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