Hunting plc (HTG) Coverage Initiated at Credit Suisse Group AG
Stock analysts at Credit Suisse Group AG began coverage on shares of Hunting plc (LON:HTG) in a research report issued on Monday. The firm set a “neutral” rating and a GBX 500 ($6.53) price target on the stock. Credit Suisse Group AG’s target price suggests a potential upside of 19.67% from the stock’s previous close.
A number of other equities research analysts also recently commented on the stock. Barclays PLC reissued an “equal weight” rating on shares of Hunting plc in a research report on Monday, September 12th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 560 ($7.31) price objective on shares of Hunting plc in a research report on Wednesday, September 7th. Canaccord Genuity reissued a “sell” rating and issued a GBX 225 ($2.94) price objective on shares of Hunting plc in a research report on Tuesday, September 6th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Hunting plc in a research report on Tuesday, September 6th. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 305 ($3.98) price objective on shares of Hunting plc in a research report on Monday, September 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 375.91 ($4.91).
Hunting plc (LON:HTG) opened at 421.30 on Monday. The firm’s market capitalization is GBX 623.95 million. The company’s 50-day moving average is GBX 448.42 and its 200-day moving average is GBX 390.73. Hunting plc has a 52-week low of GBX 232.00 and a 52-week high of GBX 497.00.
In other Hunting plc news, insider Hunting,Richard purchased 3,277 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was purchased at an average price of GBX 476 ($6.21) per share, for a total transaction of £15,598.52 ($20,360.95).
About Hunting plc
Hunting PLC is an international energy services provider to upstream oil and gas companies. The Company’s segments include Well Construction, Well Completion, Well Intervention, and Exploration and Production. The Well Construction segment provides products and services used by customers for the drilling phase of oil and gas wells, along with associated equipment used by the underground construction industry for telecommunication infrastructure build-out, and precision machining services for the energy, aviation and power generation sectors.
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