Hunting (LON:HTG) Price Target Raised to GBX 490 at Berenberg Bank

Hunting (LON:HTG) had its target price increased by Berenberg Bank from GBX 480 ($6.19) to GBX 490 ($6.31) in a report issued on Thursday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 600 ($7.73) price objective on shares of Hunting in a research note on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Hunting presently has a consensus rating of “Buy” and an average price target of GBX 520 ($6.70).

Hunting Stock Performance

Shares of LON HTG opened at GBX 292 ($3.76) on Thursday. The stock has a fifty day moving average price of GBX 327.12 and a two-hundred day moving average price of GBX 343.64. The company has a debt-to-equity ratio of 11.64, a quick ratio of 2.08 and a current ratio of 2.69. The firm has a market cap of £598.74 million, a P/E ratio of 4.87, a PEG ratio of 1.06 and a beta of 1.07. Hunting has a 1 year low of GBX 277 ($3.57) and a 1 year high of GBX 465.37 ($6.00).

About Hunting

Located in 11 countries across four continents, we manufacture components, technology systems and precision parts globally.

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.