Hunting (HTG) Stock Rating Lowered by Deutsche Bank
Hunting (LON:HTG) was downgraded by Deutsche Bank to a “hold” rating in a research report issued on Wednesday. They presently have a GBX 650 ($8.81) price objective on the stock, up from their prior price objective of GBX 530 ($7.19). Deutsche Bank’s price target suggests a potential upside of 5.86% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Credit Suisse Group reissued an “outperform” rating and issued a GBX 625 ($8.48) target price on shares of Hunting in a report on Monday, December 18th. Goldman Sachs Group raised their target price on shares of Hunting from GBX 661.10 ($8.97) to GBX 683.80 ($9.27) and gave the stock a “buy” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. raised their target price on shares of Hunting from GBX 526 ($7.13) to GBX 532 ($7.21) and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Barclays reissued an “overweight” rating and issued a GBX 650 ($8.81) target price on shares of Hunting in a report on Wednesday, October 25th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 816 ($11.07) target price on shares of Hunting in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 619.73 ($8.40).
Hunting (LON:HTG) opened at GBX 614 ($8.33) on Wednesday. Hunting has a twelve month low of GBX 376.50 ($5.11) and a twelve month high of GBX 644.50 ($8.74). The stock has a market cap of $1,020.00 and a PE ratio of -1,574.36.
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 during 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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