Jefferies Financial Group Reaffirms “Buy” Rating for Hunting (LON:HTG)

Hunting (LON:HTG)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 400 ($4.98) target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 13.49% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Canaccord Genuity Group upped their target price on shares of Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the company a “buy” rating in a report on Friday, March 1st. Berenberg Bank upped their price objective on shares of Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the company a “buy” rating in a research note on Wednesday, January 10th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 407 ($5.07).

Hunting Trading Down 0.9 %

LON:HTG traded down GBX 3.06 ($0.04) on Thursday, reaching GBX 352.44 ($4.39). The stock had a trading volume of 58,792 shares, compared to its average volume of 501,782. The company has a market cap of £581.32 million, a price-to-earnings ratio of 640.80, a P/E/G ratio of 1.06 and a beta of 1.10. The company has a debt-to-equity ratio of 8.24, a current ratio of 2.78 and a quick ratio of 2.08. The firm’s fifty day moving average is GBX 319.49 and its two-hundred day moving average is GBX 298.92. Hunting has a 12-month low of GBX 190 ($2.37) and a 12-month high of GBX 369.50 ($4.60).

Insider Buying and Selling

In related news, insider Bruce Ferguson sold 28,960 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.77), for a total transaction of £87,748.80 ($109,235.40). Corporate insiders own 7.40% of the company’s stock.

About Hunting

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.