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

Berenberg Bank restated their buy rating on shares of Hunting (LON:HTG) in a research note released on Thursday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 520 ($6.86) price objective on the stock.

Several other analysts also recently issued reports on the company. Shore Capital reissued a buy rating and issued a GBX 510 ($6.73) price target on shares of Hunting in a report on Wednesday, June 12th. Canaccord Genuity Group restated a buy rating and issued a GBX 600 ($7.91) target price on shares of Hunting in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Hunting presently has an average rating of Buy and a consensus target price of GBX 490 ($6.46).

Hunting Trading Up 3.6 %

Shares of LON HTG opened at GBX 448 ($5.91) on Thursday. The company has a market cap of £709.41 million, a price-to-earnings ratio of 746.67, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10. Hunting has a 12-month low of GBX 235.50 ($3.11) and a 12-month high of GBX 465.37 ($6.14). The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.60. The stock’s 50 day simple moving average is GBX 426.38 and its 200 day simple moving average is GBX 382.09.

Hunting Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, October 3rd will be given a $0.06 dividend. This is a boost from Hunting’s previous dividend of $0.05. This represents a yield of 0.97%. The ex-dividend date is Thursday, October 3rd. Hunting’s dividend payout ratio (DPR) is currently 1,333.33%.

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.