Hunting (LON:HTG) was downgraded by Goldman Sachs Group to a “neutral” rating in a research report issued on Tuesday. They presently have a GBX 669 ($8.74) price objective on the stock, down from their prior price objective of GBX 907.50 ($11.86). Goldman Sachs Group’s price objective would indicate a potential upside of 14.26% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on HTG. Sanford C. Bernstein lowered their target price on shares of Hunting from GBX 850 ($11.11) to GBX 840 ($10.98) and set an “outperform” rating on the stock in a report on Tuesday, January 8th. JPMorgan Chase & Co. raised shares of Hunting to an “overweight” rating and boosted their target price for the company from GBX 721 ($9.42) to GBX 729 ($9.53) in a report on Friday, January 11th. UBS Group reissued a “neutral” rating and set a GBX 600 ($7.84) target price (down previously from GBX 840 ($10.98)) on shares of Hunting in a report on Monday, February 4th. Royal Bank of Canada lowered their target price on shares of Hunting from GBX 930 ($12.15) to GBX 845 ($11.04) and set an “outperform” rating on the stock in a report on Thursday, February 21st. Finally, Berenberg Bank initiated coverage on shares of Hunting in a report on Tuesday, February 26th. They set a “hold” rating and a GBX 650 ($8.49) target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 806.36 ($10.54).

Shares of HTG stock opened at GBX 585.50 ($7.65) on Tuesday. The company has a current ratio of 4.06, a quick ratio of 1.73 and a debt-to-equity ratio of 0.55. Hunting has a 1 year low of GBX 448 ($5.85) and a 1 year high of GBX 934.50 ($12.21). The firm has a market cap of $935.68 million and a price-to-earnings ratio of 11.20.

In other news, insider Arthur James Johnson sold 70,901 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of GBX 520 ($6.79), for a total value of £368,685.20 ($481,752.52).

About Hunting

Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.

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Analyst Recommendations for Hunting (LON:HTG)

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