Hunting’s (HTG) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Hunting (LON:HTG) in a research report released on Wednesday morning,Digital Look reports. The brokerage currently has a GBX 550 price objective on the stock.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 600 target price on shares of Hunting in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 510.

Hunting Stock Down 2.7%

Shares of HTG stock opened at GBX 375.50 on Wednesday. Hunting has a fifty-two week low of GBX 338 and a fifty-two week high of GBX 553. The firm has a market capitalization of £544.41 million, a PE ratio of 13.65, a P/E/G ratio of 1.06 and a beta of 0.69. The company has a debt-to-equity ratio of 16.50, a quick ratio of 2.08 and a current ratio of 3.15. The stock’s 50-day simple moving average is GBX 398.18 and its 200-day simple moving average is GBX 456.46.

Insiders Place Their Bets

In other Hunting news, insider Keith Lough bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average cost of GBX 414 per share, for a total transaction of £12,420. Also, insider Paula Harris bought 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of GBX 392 per share, with a total value of £28,616. 3.75% of the stock is owned by corporate insiders.

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.