Berenberg Bank Raises Hunting (LON:HTG) Price Target to GBX 490

Hunting (LON:HTG) had its price target raised by investment analysts at Berenberg Bank from GBX 480 ($6.19) to GBX 490 ($6.32) in a report released on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 72.43% from the company’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 600 ($7.73) price objective on shares of Hunting in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 520 ($6.70).

Hunting Stock Performance

LON HTG traded down GBX 22.82 ($0.29) on Thursday, hitting GBX 284.18 ($3.66). 1,455,745 shares of the company traded hands, compared to its average volume of 586,184. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. The business’s 50 day moving average price is GBX 326.59 and its 200-day moving average price is GBX 344.51. The company has a market capitalization of £582.70 million, a price-to-earnings ratio of 4.74, a P/E/G ratio of 1.06 and a beta of 1.07. Hunting has a 52-week low of GBX 277 ($3.57) and a 52-week high of GBX 465.37 ($6.00).

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.