Stock analysts at Morgan Stanley initiated coverage on shares of Hunting plc (LON:HTG) in a note issued to investors on Tuesday. The brokerage set an “underweight” rating and a GBX 400 ($5.22) price target on the stock. Morgan Stanley’s target price would suggest a potential downside of 19.84% from the company’s previous close.
HTG has been the subject of several other reports. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 436.30 ($5.70) price objective on shares of Hunting plc in a research note on Monday, June 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 560 ($7.31) price target on shares of Hunting plc in a research report on Wednesday, September 7th. Liberum Capital reaffirmed a “sell” rating and set a GBX 305 ($3.98) price target on shares of Hunting plc in a research report on Monday, September 5th. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 225 ($2.94) price target on shares of Hunting plc in a research report on Tuesday, July 26th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 500 ($6.53) price target on shares of Hunting plc in a research report on Tuesday, September 6th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Hunting plc has a consensus rating of “Hold” and an average target price of GBX 377.76 ($4.93).
Shares of Hunting plc (LON:HTG) opened at 499.00 on Tuesday. The company’s market capitalization is GBX 739.02 million. The stock’s 50 day moving average price is GBX 452.05 and its 200-day moving average price is GBX 395.01. Hunting plc has a 52-week low of GBX 232.00 and a 52-week high of GBX 503.00.
Hunting plc Company Profile
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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