Hunting (LON:HTG) had its price target cut by Jefferies Financial Group from GBX 540 ($7.06) to GBX 520 ($6.79) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. downgraded Hunting to a neutral rating and cut their price objective for the company from GBX 728 ($9.51) to GBX 642 ($8.39) in a research note on Thursday, August 15th. UBS Group reiterated a buy rating and set a GBX 590 ($7.71) price objective (down from GBX 650 ($8.49)) on shares of Hunting in a research note on Wednesday, October 30th. Barclays cut their price objective on Hunting from GBX 550 ($7.19) to GBX 530 ($6.93) and set an equal weight rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada reiterated an outperform rating and set a GBX 650 ($8.49) price objective on shares of Hunting in a research note on Tuesday, October 29th. Finally, Goldman Sachs Group downgraded Hunting to a sell rating and dropped their price target for the stock from GBX 602 ($7.87) to GBX 385 ($5.03) in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Hunting currently has a consensus rating of Buy and an average target price of GBX 618 ($8.08).

Shares of LON:HTG opened at GBX 431 ($5.63) on Wednesday. The stock has a 50 day moving average of GBX 429.28 and a 200 day moving average of GBX 495.33. The company has a market cap of $707.16 million and a PE ratio of 8.53. The company has a current ratio of 4.12, a quick ratio of 1.93 and a debt-to-equity ratio of 4.45. Hunting has a 12-month low of GBX 384.50 ($5.02) and a 12-month high of GBX 681.50 ($8.91).

The firm also recently declared a dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Thursday, October 3rd were paid a $0.05 dividend. The ex-dividend date was Thursday, October 3rd. This represents a yield of 0.91%. Hunting’s payout ratio is 0.16%.

In other Hunting news, insider Keith Lough purchased 4,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of GBX 488 ($6.38) per share, for a total transaction of £19,520 ($25,506.34).

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.

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Analyst Recommendations for Hunting (LON:HTG)

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