Hunting (LON:HTG) Given Buy Rating at Berenberg Bank

Key Points

• Berenberg Bank has reiterated a "buy" rating for Hunting (LON:HTG) and set a price target of GBX 465, indicating a potential upside of 42.20% from the previous close.
• Other analysts, including Collins Stewart and Canaccord Genuity, also maintain a "buy" rating with higher target prices of GBX 600.
• As of Thursday, Hunting's shares opened at GBX 327, with a market capitalization of £670.51 million and a P/E ratio of 5.45.

Hunting (LON:HTG - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 465 price objective on the stock. Berenberg Bank's price objective suggests a potential upside of 42.20% from the company's previous close.

Other analysts also recently issued research reports about the stock. Collins Stewart restated a "buy" rating and set a GBX 600 price objective on shares of Hunting in a research report on Thursday. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 600 target price on shares of Hunting in a report on Wednesday, July 9th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 566.25.

Hunting Stock Down 1.5%

Shares of LON:HTG opened at GBX 327 on Thursday. The company has a market capitalization of £670.51 million, a PE ratio of 5.45, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. Hunting has a twelve month low of GBX 245 and a twelve month high of GBX 455. The firm has a 50 day simple moving average of GBX 306.62 and a 200-day simple moving average of GBX 288.97.

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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