Hunting (LON:HTG) Price Target Lowered to GBX 550 at Berenberg Bank

Hunting (LON:HTG) had its price target reduced by analysts at Berenberg Bank from GBX 580 to GBX 550 in a note issued to investors on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 32.53% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 600 price target on shares of Hunting in a research report on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Hunting has a consensus rating of “Moderate Buy” and a consensus price target of GBX 530.

Hunting Stock Performance

Shares of Hunting stock opened at GBX 415 on Friday. The business has a 50-day moving average of GBX 459.45 and a 200 day moving average of GBX 480.15. Hunting has a 12 month low of GBX 300 and a 12 month high of GBX 553. The stock has a market capitalization of £604.50 million, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67. The company has a debt-to-equity ratio of 13.38, a current ratio of 2.97 and a quick ratio of 2.08.

Hunting Company Profile

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.