Hunting’s (HTG) “Buy” Rating Reiterated at Berenberg Bank

Hunting (LON:HTG)‘s stock had its “buy” rating reissued by Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 550 target price on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 45.70% from the stock’s previous close.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 price objective on shares of Hunting in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 512.50.

Hunting Stock Down 11.3%

HTG stock opened at GBX 377.50 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 2.08 and a debt-to-equity ratio of 16.50. The firm has a 50 day simple moving average of GBX 404.16 and a 200-day simple moving average of GBX 456.59. The company has a market capitalization of £547.31 million, a P/E ratio of 13.73, a PEG ratio of 1.06 and a beta of 0.69. Hunting has a twelve month low of GBX 332.50 and a twelve month high of GBX 553.

Insider Buying and Selling

In other news, insider Paula Harris purchased 7,300 shares of the stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of GBX 392 per share, for a total transaction of £28,616. Also, insider Keith Lough purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of GBX 414 per share, for a total transaction of £12,420. Company insiders own 3.75% of the company’s stock.

Hunting Company Profile

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.