Hunting (LON:HTG) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Hunting (LON:HTG)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 470 price objective on the stock. Berenberg Bank‘s price target points to a potential upside of 24.22% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 600 price target on shares of Hunting in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 510.

Hunting Stock Performance

LON HTG traded down GBX 7.65 on Thursday, hitting GBX 378.35. 202,070 shares of the stock traded hands, compared to its average volume of 2,936,826. Hunting has a 12 month low of GBX 338 and a 12 month 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. The business’s fifty day moving average is GBX 400.14 and its two-hundred day moving average is GBX 456.55. The firm has a market capitalization of £548.54 million, a price-to-earnings ratio of 13.76, a PEG ratio of 1.06 and a beta of 0.69.

Insider Transactions at Hunting

In other Hunting news, insider Keith Lough purchased 3,000 shares of the stock in a transaction dated Friday, August 21st. The shares were purchased at an average cost of GBX 414 per share, with a total value of £12,420. Also, insider Paula Harris bought 7,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of GBX 392 per share, with a total value of £28,616. Company insiders own 3.75% of the company’s stock.

About Hunting

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.