Hunting’s (HTG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Hunting (LON:HTG) in a report released on Thursday, MarketBeat.com reports. They currently have a GBX 470 price target on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 600 target price on shares of Hunting in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 510.

Hunting Stock Performance

LON HTG opened at GBX 375.50 on Thursday. The company has a market cap of £544.41 million, a P/E ratio of 13.65, a P/E/G ratio of 1.06 and a beta of 0.69. Hunting has a fifty-two week low of GBX 338 and a fifty-two week high of GBX 553. The business’s 50 day moving average price is GBX 398.18 and its 200-day moving average price is GBX 456.46. The company has a debt-to-equity ratio of 16.50, a quick ratio of 2.08 and a current ratio of 3.15.

Insider Buying and Selling

In related news, insider Keith Lough bought 3,000 shares of the stock in a transaction dated Friday, August 21st. The stock was acquired at an average price of GBX 414 per share, for a total transaction of £12,420. Also, insider Paula Harris bought 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average cost of GBX 392 per share, with a total value of £28,616. Corporate insiders own 3.75% of the company’s stock.

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.