Hunting (LON:HTG) Earns Hold Rating from Berenberg Bank

Key Points

• Berenberg Bank reiterated its “Hold” rating on Hunting and maintained a GBX 470 price target, implying 22.24% upside from the previous close.
• Canaccord Genuity reaffirmed a “Buy” rating with a GBX 600 target. Analysts’ overall consensus is “Moderate Buy,” with an average price target of GBX 492.50.
• Hunting shares opened at GBX 384.50, while insiders recently bought a combined 10,300 shares; insiders own 3.75% of the company.

Hunting (LON:HTG - Get Free Report)'s stock had its "hold" rating restated by equities researchers at Berenberg Bank in a report released on Thursday, London Stock Exchange reports. They currently have a GBX 470 target price on the stock. Berenberg Bank's target price suggests a potential upside of 22.24% from the stock's previous close.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 600 target price on shares of Hunting in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 492.50.

Hunting Stock Down 0.1%

Shares of HTG stock opened at GBX 384.50 on Thursday. The firm's fifty day moving average price is GBX 402.05 and its two-hundred day moving average price is GBX 456.59. The company has a current ratio of 3.15, a quick ratio of 2.08 and a debt-to-equity ratio of 16.50. Hunting has a 1 year low of GBX 336 and a 1 year high of GBX 553. The firm has a market capitalization of £557.46 million, a P/E ratio of 13.98, a PEG ratio of 1.06 and a beta of 0.69.

Insider Buying and Selling

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

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.

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