Berenberg Bank Issues Pessimistic Forecast for Hunting (LON:HTG) Stock Price

Hunting (LON:HTG) had its price objective decreased by investment analysts at Berenberg Bank from GBX 580 to GBX 550 in a report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 32.53% from the company’s current price.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 600 target price on shares of Hunting in a report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Hunting currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 530.

Hunting Price Performance

LON:HTG opened at GBX 415 on Friday. Hunting has a one year low of GBX 300 and a one year high of GBX 553. The stock has a market cap of £604.50 million, a PE ratio of 16.87, a P/E/G ratio of 1.06 and a beta of 0.67. The company has a debt-to-equity ratio of 13.38, a quick ratio of 2.08 and a current ratio of 2.97. The stock has a 50 day moving average price of GBX 459.45 and a 200 day moving average price of GBX 480.15.

Hunting Company Profile

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.