Berenberg Bank Cuts Hunting (LON:HTG) Price Target to GBX 550

Hunting (LON:HTG) had its price objective cut by Berenberg Bank from GBX 580 to GBX 550 in a research note published on Friday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 600 price target on shares of Hunting in a report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 530.

Hunting Stock Performance

Shares of LON HTG opened at GBX 405 on Friday. The firm has a market capitalization of £589.94 million, a price-to-earnings ratio of 16.46, a PEG ratio of 1.06 and a beta of 0.67. Hunting has a one year low of GBX 300 and a one year high of GBX 553. The business has a fifty day simple moving average of GBX 457.76 and a 200 day simple moving average of GBX 479.88. The company has a current ratio of 3.15, a quick ratio of 2.08 and a debt-to-equity ratio of 16.50.

Insiders Place Their Bets

In related news, insider Keith Lough acquired 3,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were bought at an average cost of GBX 414 per share, with a total value of £12,420. Insiders own 3.73% of the company’s stock.

About Hunting

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.