Hunting (LON:HTG) Stock Rating Reaffirmed by UBS Group

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Hunting (LON:HTG)‘s stock had its “buy” rating restated by equities research analysts at UBS Group in a research report issued on Friday, ThisIsMoney.Co.Uk reports. They currently have a GBX 680 ($8.89) target price on the stock, down from their previous target price of GBX 710 ($9.28). UBS Group’s price objective suggests a potential upside of 27.22% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Royal Bank of Canada reduced their target price on shares of from GBX 845 ($11.04) to GBX 800 ($10.45) and set an “outperform” rating for the company in a research note on Wednesday, June 19th. Berenberg Bank reiterated a “hold” rating and issued a GBX 640 ($8.36) target price on shares of Hunting in a research note on Wednesday, April 17th. Credit Suisse Group set a €100.00 ($116.28) target price on shares of Safran and gave the stock a “sell” rating in a research note on Friday, May 31st. Barclays upped their target price on shares of from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the stock an “overweight” rating in a research note on Monday, July 8th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 target price on shares of General Motors in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 783.69 ($10.24).

LON HTG opened at GBX 534.50 ($6.98) on Friday. Hunting has a 1 year low of GBX 448 ($5.85) and a 1 year high of GBX 883.50 ($11.54). 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 $892.29 million and a price-to-earnings ratio of 10.22. The business has a fifty day moving average price of GBX 518.31.

In related news, insider Peter Rose sold 52,460 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 494 ($6.45), for a total transaction of £259,152.40 ($338,628.51). Also, insider Keith Lough purchased 3,000 shares of Hunting stock in a transaction that occurred on Wednesday, June 5th. The shares were bought at an average price of GBX 524 ($6.85) per share, with a total value of £15,720 ($20,540.96).

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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