Jefferies Financial Group restated their buy rating on shares of Hunting (LON:HTG – Free Report) in a research report report published on Thursday, Marketbeat.com reports. They currently have a GBX 400 ($4.98) price objective on the stock.
HTG has been the topic of a number of other reports. Berenberg Bank upped their price objective on Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the company a buy rating in a report on Wednesday, January 10th. Canaccord Genuity Group upped their price objective on Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the company a buy rating in a report on Friday, March 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of GBX 407 ($5.07).
Read Our Latest Stock Report on HTG
Hunting Stock Performance
Hunting Dividend Announcement
The business also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 1.18%. Hunting’s payout ratio is 1,454.55%.
Insider Activity
In other news, insider Bruce Ferguson sold 28,960 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of GBX 303 ($3.77), for a total transaction of £87,748.80 ($109,235.40). Corporate insiders own 7.40% of the company’s stock.
Hunting Company Profile
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.
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