Hunting plc (LON:HTG) Given Average Recommendation of “Hold” by Brokerages
Shares of Hunting plc (LON:HTG) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 329.44 ($4.05).
Several equities analysts have recently weighed in on the company. Credit Suisse Group increased their price target on Hunting from GBX 210 ($2.58) to GBX 230 ($2.83) and gave the company a “neutral” rating in a report on Wednesday. Canaccord Genuity reduced their price objective on Hunting from GBX 475 ($5.85) to GBX 275 ($3.38) and set a “buy” rating for the company in a research note on Monday, May 18th. Barclays restated an “underweight” rating on shares of Hunting in a research note on Tuesday. Berenberg Bank reduced their price objective on Hunting from GBX 440 ($5.41) to GBX 280 ($3.45) and set a “hold” rating for the company in a research note on Thursday, March 26th. Finally, Kepler Capital Markets reduced their price objective on Hunting from GBX 240 ($2.95) to GBX 230 ($2.83) and set a “hold” rating for the company in a research note on Tuesday, April 21st.
In other news, insider Richard Hunting sold 18,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of GBX 216 ($2.66), for a total transaction of £38,880 ($47,846.42).
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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