Barclays Reiterates Underweight Rating for Hunting (LON:HTG)

Barclays reiterated their underweight rating on shares of Hunting (LON:HTG) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other analysts also recently issued reports about the company. Canaccord Genuity decreased their price target on Hunting from GBX 475 ($5.85) to GBX 275 ($3.38) and set a buy rating on the stock in a research note on Monday, May 18th. Kepler Capital Markets decreased their price target on Hunting from GBX 240 ($2.95) to GBX 230 ($2.83) and set a hold rating on the stock in a research note on Tuesday, April 21st. Berenberg Bank decreased their target price on Hunting from GBX 440 ($5.41) to GBX 280 ($3.45) and set a hold rating on the stock in a research report on Thursday, March 26th. Goldman Sachs Group upgraded Hunting to a buy rating and boosted their target price for the stock from GBX 180 ($2.22) to GBX 340 ($4.18) in a research report on Monday, June 22nd. Finally, Jefferies Financial Group decreased their target price on Hunting from GBX 470 ($5.78) to GBX 260 ($3.20) and set a buy rating on the stock in a research report on Monday, June 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 311.36 ($3.83).

Shares of HTG stock opened at GBX 212.60 ($2.62) on Tuesday. The business’s 50 day moving average is GBX 184.57 and its two-hundred day moving average is GBX 262.21. Hunting has a twelve month low of GBX 148.90 ($1.83) and a twelve month high of GBX 568 ($6.99). The company has a market capitalization of $343.08 million and a P/E ratio of 9.05. The company has a current ratio of 4.69, a quick ratio of 2.13 and a debt-to-equity ratio of 4.14.

In other Hunting news, insider Richard Hunting sold 18,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of GBX 216 ($2.66), for a total transaction of £38,880 ($47,846.42).

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.

See Also: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for Hunting (LON:HTG)

Receive News & Ratings for Hunting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hunting and related companies with MarketBeat.com's FREE daily email newsletter.