Hunting plc (HTG) Given Consensus Recommendation of “Buy” by Brokerages

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Hunting plc (LON:HTG) has been assigned an average recommendation of “Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 801.36 ($10.47).

Several research firms recently weighed in on HTG. Barclays restated an “equal weight” rating on shares of Hunting in a research report on Thursday, April 11th. Goldman Sachs Group downgraded shares of Hunting to a “neutral” rating and reduced their price target for the stock from GBX 907.50 ($11.86) to GBX 669 ($8.74) in a research report on Tuesday, March 26th. UBS Group upgraded shares of Hunting to a “buy” rating and upped their price target for the stock from GBX 600 ($7.84) to GBX 710 ($9.28) in a research report on Monday, March 18th. Canaccord Genuity reduced their price target on shares of Hunting from GBX 775 ($10.13) to GBX 650 ($8.49) and set a “buy” rating for the company in a research report on Wednesday, March 27th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 640 ($8.36) price target on shares of Hunting in a research report on Wednesday.

Shares of Hunting stock traded up GBX 2 ($0.03) during trading hours on Thursday, reaching GBX 638 ($8.34). The stock had a trading volume of 531,406 shares, compared to its average volume of 647,125. Hunting has a twelve month low of GBX 448 ($5.85) and a twelve month high of GBX 934.50 ($12.21). The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.73 and a current ratio of 4.06. The company has a market cap of $1.05 billion and a P/E ratio of 12.20.

The firm also recently disclosed a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be issued a $0.05 dividend. This is an increase from Hunting’s previous dividend of $0.04. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 0.69%. Hunting’s dividend payout ratio is presently 0.15%.

In other Hunting news, insider Arthur James Johnson sold 70,901 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of GBX 520 ($6.79), for a total value of £368,685.20 ($481,752.52).

Hunting Company Profile

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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