Jefferies Financial Group started coverage on shares of Hunting (LON:HTG) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage set a “buy” rating and a GBX 540 ($7.06) price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 32.22% from the stock’s current price.
A number of other equities analysts also recently weighed in on the company. Royal Bank of Canada dropped their target price on Hunting from GBX 800 ($10.45) to GBX 650 ($8.49) and set an “outperform” rating on the stock in a report on Wednesday, October 16th. Berenberg Bank reiterated a “hold” rating and issued a GBX 630 ($8.23) target price on shares of Hunting in a report on Thursday, August 29th. UBS Group reiterated a “buy” rating on shares of Hunting in a report on Monday, September 2nd. Barclays dropped their target price on Hunting from GBX 600 ($7.84) to GBX 550 ($7.19) and set an “equal weight” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. downgraded Hunting to a “neutral” rating and dropped their target price for the company from GBX 728 ($9.51) to GBX 642 ($8.39) in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 666.55 ($8.71).
HTG stock opened at GBX 408.40 ($5.34) on Wednesday. The company has a current ratio of 4.12, a quick ratio of 1.93 and a debt-to-equity ratio of 4.45. Hunting has a one year low of GBX 389.80 ($5.09) and a one year high of GBX 725 ($9.47). The firm has a market capitalization of $676.11 million and a PE ratio of 8.09. The firm has a 50-day moving average of GBX 449.42 and a two-hundred day moving average of GBX 513.70.
Hunting Company Profile
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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