Berenberg Bank Reaffirms “Buy” Rating for Hunting (LON:HTG)

Hunting (LON:HTG)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 580 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 22.62% from the company’s current price.

Several other research firms have also weighed in on HTG. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 400 price objective on shares of Hunting in a research note on Thursday, April 16th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 600 target price on shares of Hunting in a research note on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Hunting currently has a consensus rating of “Moderate Buy” and an average price target of GBX 536.

Hunting Trading Up 5.1%

Shares of HTG opened at GBX 473 on Wednesday. The company has a debt-to-equity ratio of 13.38, a quick ratio of 2.08 and a current ratio of 2.97. Hunting has a 52-week low of GBX 288.50 and a 52-week high of GBX 553. The firm has a market cap of £689.86 million, a price-to-earnings ratio of 19.23, a PEG ratio of 1.06 and a beta of 0.67. The business’s fifty day moving average is GBX 471.50 and its 200-day moving average is GBX 468.87.

About Hunting

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.