Hunting (LON:HTG) Price Target Raised to GBX 480

Hunting (LON:HTG) had its target price hoisted by Berenberg Bank from GBX 460 ($5.62) to GBX 480 ($5.86) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Hunting Stock Performance

Shares of Hunting stock opened at GBX 353.50 ($4.32) on Tuesday. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.69 and a quick ratio of 2.08. The firm has a market cap of £559.77 million, a price-to-earnings ratio of 589.17, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The stock’s 50-day moving average is GBX 301.12 and its 200-day moving average is GBX 366.09. Hunting has a one year low of GBX 278 ($3.39) and a one year high of GBX 465.37 ($5.68).

Insiders Place Their Bets

In other Hunting news, insider Paula Harris acquired 3,300 shares of the stock in a transaction dated Friday, November 29th. The shares were bought at an average cost of GBX 304 ($3.71) per share, for a total transaction of £10,032 ($12,247.59). Insiders own 18.20% of the company’s stock.

About Hunting

Located in 11 countries across four continents, we manufacture components, technology systems and precision parts globally.

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.