Hunting (LON:HTG) Earns Buy Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Hunting (LON:HTG) in a report issued on Wednesday, Marketbeat.com reports. The firm currently has a GBX 510 ($6.49) price target on the stock.

Other research analysts have also issued reports about the company. Berenberg Bank reiterated a buy rating and set a GBX 510 ($6.49) price target on shares of Hunting in a report on Monday, June 3rd. Canaccord Genuity Group upped their target price on shares of Hunting from GBX 400 ($5.09) to GBX 450 ($5.73) and gave the company a buy rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group reissued a buy rating and issued a GBX 400 ($5.09) price target on shares of Hunting in a report on Thursday, April 18th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of GBX 448.33 ($5.71).

Hunting Stock Down 2.2 %

Shares of LON:HTG opened at GBX 393.50 ($5.01) on Wednesday. The stock has a market capitalization of £649.04 million, a P/E ratio of 715.45, a PEG ratio of 1.06 and a beta of 1.07. The stock has a 50-day simple moving average of GBX 388.36 and a 200-day simple moving average of GBX 328.88. Hunting has a 1 year low of GBX 190 ($2.42) and a 1 year high of GBX 461 ($5.87). The company has a debt-to-equity ratio of 8.24, a quick ratio of 2.08 and a current ratio of 2.78.

Insider Activity

In other Hunting news, insider Bruce Ferguson acquired 2,292 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was bought at an average price of GBX 378 ($4.81) per share, for a total transaction of £8,663.76 ($11,032.42). 18.05% of the stock is currently owned by company insiders.

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.