Hunting (LON:HTG) Stock Rating Reaffirmed by Jefferies Financial Group

Hunting (LON:HTG)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 400 ($4.98) price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 11.42% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group boosted their price target on shares of Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the company a “buy” rating in a report on Friday, March 1st. Berenberg Bank increased their price target on shares of Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Hunting currently has a consensus rating of “Buy” and a consensus price target of GBX 407 ($5.07).

Hunting Stock Performance

LON:HTG opened at GBX 359 ($4.47) on Thursday. The firm’s 50-day moving average is GBX 321.90 and its 200-day moving average is GBX 299.78. The company has a market cap of £592.13 million, a price-to-earnings ratio of 652.73, a PEG ratio of 1.06 and a beta of 1.10. The company has a debt-to-equity ratio of 8.24, a quick ratio of 2.08 and a current ratio of 2.78. Hunting has a 52-week low of GBX 190 ($2.37) and a 52-week high of GBX 369.50 ($4.60).

Insider Activity at Hunting

In other news, insider Bruce Ferguson sold 28,960 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of GBX 303 ($3.77), for a total value of £87,748.80 ($109,235.40). 7.40% of the stock is currently owned by insiders.

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.