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

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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.

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

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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