Berenberg Bank Issues Positive Forecast for Hunting (LON:HTG) Stock Price

Hunting (LON:HTG) had its price target hoisted by investment analysts at Berenberg Bank from GBX 450 to GBX 580 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 15.03% from the stock’s current price.

HTG has been the topic of a number of other reports. Canaccord Genuity Group lowered their price objective on Hunting to GBX 600 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Royal Bank Of Canada lifted their target price on shares of Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Hunting currently has an average rating of “Buy” and a consensus price target of GBX 536.

Hunting Stock Down 1.3%

HTG stock traded down GBX 6.78 during trading on Thursday, reaching GBX 504.22. The stock had a trading volume of 1,107,325 shares, compared to its average volume of 1,841,849. The company has a market capitalization of £749.19 million, a price-to-earnings ratio of -23.78, a P/E/G ratio of 1.06 and a beta of 0.69. Hunting has a one year low of GBX 245 and a one year high of GBX 553. The company has a quick ratio of 2.08, a current ratio of 2.79 and a debt-to-equity ratio of 14.98. The company’s 50 day moving average is GBX 446.36 and its two-hundred day moving average is GBX 381.25.

Insider Transactions at Hunting

In other Hunting news, insider Margaret Amos acquired 5,136 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average cost of GBX 387 per share, with a total value of £19,876.32. Also, insider Stuart Brightman purchased 20,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were bought at an average cost of GBX 388 per share, for a total transaction of £77,600. Insiders own 3.36% of the company’s stock.

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.