Hunting (LON:HTG) PT Lowered to GBX 280

Hunting (LON:HTG) had its price objective decreased by research analysts at Royal Bank of Canada from GBX 290 ($3.57) to GBX 280 ($3.45) in a report released on Monday, Stock Target Advisor reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 31.70% from the company’s previous close.

Several other analysts have also recently commented on HTG. Credit Suisse Group lowered their target price on Hunting from GBX 370 ($4.55) to GBX 210 ($2.58) and set a “neutral” rating on the stock in a research report on Thursday, March 26th. UBS Group reiterated a “neutral” rating on shares of Hunting in a research report on Thursday, April 16th. Barclays cut Hunting to an “underweight” rating and lowered their price target for the company from GBX 490 ($6.03) to GBX 260 ($3.20) in a research report on Friday, March 20th. Berenberg Bank lowered their price target 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. Finally, Goldman Sachs Group upgraded Hunting to a “buy” rating and lifted their price target for the company from GBX 180 ($2.22) to GBX 340 ($4.18) in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 309.55 ($3.81).

HTG opened at GBX 212.60 ($2.62) on Monday. Hunting has a 12 month low of GBX 148.90 ($1.83) and a 12 month high of GBX 568 ($6.99). The company has a debt-to-equity ratio of 4.14, a current ratio of 4.69 and a quick ratio of 2.13. The stock has a market cap of $343.08 million and a P/E ratio of 9.53. The stock’s 50 day moving average price is GBX 184.57 and its 200 day moving average price is GBX 262.21.

In related news, insider Richard Hunting sold 18,000 shares of Hunting stock in a transaction 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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