Hunting (LON:HTG) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Hunting (LON:HTG) had its price objective increased by equities researchers at Berenberg Bank from GBX 450 to GBX 580 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 15.03% from the company’s current price.

HTG has been the subject of a number of other reports. Canaccord Genuity Group dropped their price target on shares of Hunting to GBX 600 and set a “buy” rating for the company in a research report on Thursday, January 29th. Royal Bank Of Canada upped their target price on shares of Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 536.

Hunting Stock Performance

Shares of HTG stock traded down GBX 6.78 during trading hours on Thursday, reaching GBX 504.22. 1,107,325 shares of the company traded hands, compared to its average volume of 1,841,849. The firm has a 50-day moving average price of GBX 446.36 and a 200 day moving average price of GBX 381.25. The company has a market cap of £749.19 million, a P/E ratio of -23.78, a P/E/G ratio of 1.06 and a beta of 0.69. The company has a debt-to-equity ratio of 14.98, a current ratio of 2.79 and a quick ratio of 2.08. Hunting has a 12-month low of GBX 245 and a 12-month high of GBX 553.

Insider Buying and Selling at Hunting

In other news, insider Margaret Amos bought 5,136 shares of Hunting stock in a transaction dated Friday, December 12th. The shares were purchased at an average cost of GBX 387 per share, with a total value of £19,876.32. Also, insider Stuart Brightman purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average cost of GBX 388 per share, with a total value of £77,600. Company insiders own 3.36% of the company’s stock.

Hunting Company Profile

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.