Berenberg Bank Cuts Hunting (LON:HTG) Price Target to GBX 480

Hunting (LON:HTG) had its target price reduced by analysts at Berenberg Bank from GBX 490 ($6.48) to GBX 480 ($6.35) in a research note issued on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 85.33% from the company’s previous close.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 ($7.94) price objective on shares of Hunting in a research report on Thursday, March 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 518 ($6.86).

Hunting Price Performance

LON:HTG traded down GBX 1.50 ($0.02) during trading hours on Wednesday, reaching GBX 259 ($3.43). The stock had a trading volume of 259,255 shares, compared to its average volume of 817,880. The stock has a market capitalization of £531.08 million, a PE ratio of 4.32, a PEG ratio of 1.06 and a beta of 1.07. Hunting has a 52 week low of GBX 245 ($3.24) and a 52 week high of GBX 465.37 ($6.16). The company has a 50 day moving average price of GBX 299.11 and a two-hundred day moving average price of GBX 315.51. The company has a debt-to-equity ratio of 11.64, a quick ratio of 2.08 and a current ratio of 2.69.

Insider Buying and Selling at Hunting

In other Hunting news, insider Arthur James Johnson sold 470,771 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of GBX 295 ($3.90), for a total value of £1,388,774.45 ($1,837,975.71). 18.20% of the stock is currently 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.