Hunting plc (HTG) Rating Reiterated by Barclays PLC
Barclays PLC reissued their overweight rating on shares of Hunting plc (LON:HTG) in a research note published on Friday morning. Barclays PLC currently has a GBX 650 ($8.41) price objective on the stock.
A number of other equities analysts have also commented on the company. Deutsche Bank AG dropped their price objective on Hunting plc from GBX 700 ($9.05) to GBX 530 ($6.85) and set a buy rating on the stock in a research note on Friday. Numis Securities Ltd began coverage on Hunting plc in a research note on Thursday, August 24th. They issued a buy rating and a GBX 816 ($10.55) price objective on the stock. Credit Suisse Group reiterated an outperform rating and issued a GBX 600 ($7.76) price objective on shares of Hunting plc in a research note on Wednesday, August 9th. J P Morgan Chase & Co lifted their price objective on Hunting plc from GBX 290 ($3.75) to GBX 315 ($4.07) and gave the stock a neutral rating in a research note on Thursday, July 20th. Finally, Morgan Stanley lowered Hunting plc to an underweight rating and dropped their price objective for the stock from GBX 550 ($7.11) to GBX 440 ($5.69) in a research note on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Hunting plc has an average rating of Hold and a consensus target price of GBX 552.88 ($7.15).
Hunting plc (LON:HTG) opened at 402.10 on Friday. The stock has a 50 day moving average price of GBX 461.01 and a 200 day moving average price of GBX 521.48. The stock’s market cap is GBX 655.83 million. Hunting plc has a 52 week low of GBX 398.80 and a 52 week high of GBX 650.00.
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In other news, insider Annell R. Bay bought 3,840 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were acquired at an average cost of GBX 518 ($6.70) per share, with a total value of £19,891.20 ($25,725.81).
About Hunting plc
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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