Hunting’s (HTG) “Buy” Rating Reiterated at Berenberg Bank

Hunting (LON:HTG)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They currently have a GBX 550 price objective on the stock. Berenberg Bank‘s target price would suggest a potential upside of 45.70% from the stock’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 price objective on shares of Hunting in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 512.50.

Hunting Stock Down 11.3%

HTG opened at GBX 377.50 on Wednesday. The firm has a 50 day moving average price of GBX 404.16 and a 200 day moving average price of GBX 456.59. The company has a market cap of £547.31 million, a PE ratio of 13.73, a price-to-earnings-growth ratio of 1.06 and a beta of 0.69. Hunting has a 1 year low of GBX 332.50 and a 1 year high of GBX 553. The company has a debt-to-equity ratio of 16.50, a quick ratio of 2.08 and a current ratio of 3.15.

Insider Transactions at Hunting

In related news, insider Keith Lough purchased 3,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was purchased at an average price of GBX 414 per share, for a total transaction of £12,420. Also, insider Paula Harris purchased 7,300 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of GBX 392 per share, with a total value of £28,616. 3.75% of the stock is currently owned by company insiders.

Hunting Company Profile

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.