Macquarie Reiterates “Underperform” Rating for Hunting plc (HTG)
Hunting plc (LON:HTG)‘s stock had its “underperform” rating reissued by equities research analysts at Macquarie in a report released on Friday. They presently have a GBX 370 ($4.80) price objective on the stock. Macquarie’s price objective suggests a potential downside of 7.98% from the stock’s previous close.
Several other equities research analysts also recently commented on the stock. Credit Suisse Group restated an “outperform” rating and issued a GBX 600 ($7.79) target price on shares of Hunting plc in a research note on Wednesday, August 9th. Numis Securities Ltd initiated coverage on Hunting plc in a report on Thursday. They issued a “buy” rating and a GBX 816 ($10.59) price target for the company. Deutsche Bank AG dropped their price objective on Hunting plc from GBX 700 ($9.09) to GBX 530 ($6.88) and set a “buy” rating for the company in a report on Friday. Barclays PLC reissued an “overweight” rating and set a GBX 650 ($8.44) price objective on shares of Hunting plc in a report on Friday. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 701.40 ($9.11) price objective on shares of Hunting plc in a report on Thursday, July 13th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 552.88 ($7.18).
Hunting plc (LON HTG) opened at 402.10 on Friday. The stock’s market cap is GBX 655.83 million. The company’s 50 day moving average is GBX 461.01 and its 200-day moving average is GBX 521.48. Hunting plc has a 52-week low of GBX 398.58 and a 52-week high of GBX 650.00.
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In related news, insider Annell R. Bay acquired 3,840 shares of the stock in a transaction dated Wednesday, June 14th. The stock was bought at an average cost of GBX 518 ($6.72) per share, for a total transaction of £19,891.20 ($25,822.67).
Hunting plc Company Profile
Hunting PLC is an international energy services provider to upstream oil and gas companies. The Company’s segments include Well Construction, Well Completion, Well Intervention, and Exploration and Production. The Well Construction segment provides products and services used by customers during the drilling phase of oil and gas wells, along with associated equipment used by the underground construction industry for telecommunication infrastructure build-out and precision machining services for the energy, aviation and power generation sectors.
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