Hunting plc (HTG) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Hunting plc (LON:HTG) have received an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 835.43 ($10.88).
A number of equities analysts have recently weighed in on the company. Barclays restated an “overweight” rating on shares of Hunting in a research note on Friday, August 31st. Kepler Capital Markets upgraded Hunting to a “buy” rating and boosted their target price for the stock from GBX 860 ($11.20) to GBX 1,000 ($13.03) in a research note on Tuesday, September 4th. Numis Securities boosted their target price on Hunting from GBX 848 ($11.05) to GBX 921 ($12.00) and gave the stock a “hold” rating in a research note on Friday, August 31st. UBS Group boosted their target price on Hunting from GBX 850 ($11.07) to GBX 900 ($11.72) and gave the stock a “neutral” rating in a research note on Friday, August 31st. Finally, Morgan Stanley downgraded Hunting to an “underweight” rating and boosted their target price for the stock from GBX 920 ($11.98) to GBX 980 ($12.77) in a research note on Friday, August 31st.
HTG traded down GBX 7 ($0.09) during midday trading on Friday, reaching GBX 807 ($10.51). 674,553 shares of the company were exchanged, compared to its average volume of 647,125. Hunting has a one year low of GBX 376.50 ($4.90) and a one year high of GBX 735.50 ($9.58).
Hunting PLC manufactures, supplies, and distributes products that enable the extraction of oil and gas to upstream oil and gas companies. The company offers perforating guns and accessories; and premium connections, OCTG equipment, drilling tools, subsea equipment, intervention tools, and electronics.
See Also: Diversification
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