Hunting (LON:HTG)‘s stock had its “buy” rating reaffirmed by UBS Group in a research note issued on Friday, ThisIsMoney.Co.Uk reports. They currently have a GBX 650 ($8.49) price objective on the stock, down from their previous price objective of GBX 680 ($8.89). UBS Group’s price objective would suggest a potential upside of 51.94% from the stock’s previous close.
A number of other equities analysts have also recently commented on HTG. JPMorgan Chase & Co. cut Hunting to a “neutral” rating and reduced their price target for the stock from GBX 728 ($9.51) to GBX 642 ($8.39) in a report on Thursday, August 15th. Credit Suisse Group restated an “outperform” rating on shares of Hunting in a research report on Friday, May 31st. Barclays restated an “equal weight” rating on shares of Hunting in a research report on Monday, July 8th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Hunting in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Hunting has an average rating of “Buy” and a consensus target price of GBX 774.77 ($10.12).
Hunting stock opened at GBX 427.80 ($5.59) on Friday. Hunting has a 52 week low of GBX 402.20 ($5.26) and a 52 week 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 stock has a market capitalization of $714.17 million and a P/E ratio of 8.18. The stock has a 50-day simple moving average of GBX 490.81 and a 200 day simple moving average of GBX 544.31.
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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