Hunting (LON:HTG) Coverage Initiated by Analysts at Jefferies Financial Group

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.

In other news, insider Keith Lough acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of GBX 488 ($6.38) per share, for a total transaction of £19,520 ($25,506.34).

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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Analyst Recommendations for Hunting (LON:HTG)

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