Hunting (LON:HTG) PT Lowered to GBX 460

Hunting (LON:HTG) had its price target cut by analysts at Berenberg Bank from GBX 520 ($6.75) to GBX 460 ($5.97) in a research note issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 50.08% from the stock’s current price.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 600 ($7.79) target price on shares of Hunting in a research note on Thursday, August 29th.

Hunting Stock Down 1.6 %

Hunting stock opened at GBX 306.50 ($3.98) on Tuesday. The firm has a market cap of £485.34 million, a price-to-earnings ratio of 510.83, a PEG ratio of 1.06 and a beta of 1.07. Hunting has a 52-week low of GBX 247 ($3.21) and a 52-week high of GBX 465.37 ($6.04). The company has a debt-to-equity ratio of 11.60, a quick ratio of 2.08 and a current ratio of 2.69. The firm has a 50 day moving average price of GBX 402.17 and a two-hundred day moving average price of GBX 401.03.

About Hunting

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.