Hunting (LON:HTG) Receives “Neutral” Rating from UBS Group

UBS Group reaffirmed their neutral rating on shares of Hunting (LON:HTG) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other research analysts have also issued reports on the stock. Sanford C. Bernstein raised their price target on shares of Hunting from GBX 560 ($6.89) to GBX 580 ($7.14) and gave the stock an outperform rating in a report on Thursday, March 5th. Royal Bank of Canada lowered their price target on shares of Hunting from GBX 290 ($3.57) to GBX 280 ($3.45) and set an outperform rating for the company in a report on Monday. Barclays restated an underweight rating on shares of Hunting in a report on Tuesday. Canaccord Genuity lowered their price target on shares of Hunting from GBX 475 ($5.85) to GBX 275 ($3.38) and set a buy rating for the company in a report on Monday, May 18th. Finally, Kepler Capital Markets reduced their price objective on shares of Hunting from GBX 240 ($2.95) to GBX 230 ($2.83) and set a hold rating for the company in a research report on Tuesday, April 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 311.36 ($3.83).

Hunting stock opened at GBX 212.60 ($2.62) on Tuesday. The company has a debt-to-equity ratio of 4.14, a quick ratio of 2.13 and a current ratio of 4.69. Hunting has a 52-week low of GBX 148.90 ($1.83) and a 52-week high of GBX 568 ($6.99). The firm has a 50 day moving average price of GBX 184.57 and a two-hundred day moving average price of GBX 262.21. The firm has a market cap of $343.08 million and a price-to-earnings ratio of 9.05.

In other Hunting news, insider Richard Hunting sold 18,000 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of GBX 216 ($2.66), for a total transaction of £38,880 ($47,846.42).

About Hunting

Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.

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Analyst Recommendations for Hunting (LON:HTG)

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