Hunting (LON:HTG) Receives Hold Rating from Jefferies Financial Group

Hunting (LON:HTG)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a research note issued on Thursday,Digital Look reports. They currently have a GBX 400 target price on the stock. Jefferies Financial Group’s price target would indicate a potential downside of 17.44% from the stock’s current price.

Several other research firms have also weighed in on HTG. Berenberg Bank upped their target price on Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a report on Thursday, March 5th. Royal Bank Of Canada lifted their price target on Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 price objective on shares of Hunting in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 536.

Hunting Stock Performance

HTG opened at GBX 484.50 on Thursday. Hunting has a 1-year low of GBX 245 and a 1-year high of GBX 553. The stock has a market cap of £710.41 million, a P/E ratio of 19.70, a P/E/G ratio of 1.06 and a beta of 0.72. The stock’s 50 day simple moving average is GBX 496.28 and its 200 day simple moving average is GBX 416.15. The company has a debt-to-equity ratio of 13.38, a current ratio of 2.97 and a quick ratio of 2.08.

Hunting declared that its board has authorized a stock repurchase program on Thursday, March 5th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Hunting

In other news, insider Bruce Ferguson sold 66,154 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of GBX 507, for a total value of £335,400.78. 3.40% of the stock is currently owned by company insiders.

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.