Hunting’s (HTG) “Neutral” Rating Reiterated at UBS Group

UBS Group reaffirmed their neutral rating on shares of Hunting (LON:HTG) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Several other analysts have also issued reports on the company. Kepler Capital Markets cut their target price on Hunting from GBX 240 ($2.95) to GBX 230 ($2.83) and set a hold rating for the company in a research note on Tuesday, April 21st. Barclays reaffirmed an underweight rating on shares of Hunting in a research note on Tuesday. Berenberg Bank lowered their price objective on Hunting from GBX 440 ($5.41) to GBX 280 ($3.45) and set a hold rating for the company in a research report on Thursday, March 26th. Canaccord Genuity lowered their price objective on Hunting from GBX 475 ($5.85) to GBX 275 ($3.38) and set a buy rating for the company in a research report on Monday, May 18th. Finally, Credit Suisse Group lowered their price objective on Hunting from GBX 370 ($4.55) to GBX 210 ($2.58) and set a neutral rating for the company in a research report on Thursday, March 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 311.36 ($3.83).

Shares of HTG opened at GBX 212.60 ($2.62) on Tuesday. The firm has a market cap of $343.08 million and a P/E ratio of 9.05. The stock has a 50 day simple moving average of GBX 184.57 and a two-hundred day simple moving average of GBX 262.21. The company has a debt-to-equity ratio of 4.14, a current ratio of 4.69 and a quick ratio of 2.13. Hunting has a 1 year low of GBX 148.90 ($1.83) and a 1 year high of GBX 568 ($6.99).

In related news, insider Richard Hunting sold 18,000 shares of the company’s stock in a transaction that occurred on 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.

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Analyst Recommendations for Hunting (LON:HTG)

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