Hunting's (HTG) Buy Rating Reiterated at Collins Stewart

Key Points

• Collins Stewart has reiterated a "buy" rating on Hunting (LON:HTG), with a price target of GBX 600, indicating a potential upside of 83.49% from its last close.
• Hunting currently has a consensus rating of "Buy" from multiple analysts, with an average price target of GBX 566.25.
• The company operates in various sectors, including energy and aviation, and is focused on delivering quality-assured products while maintaining a leading technology edge.

Hunting (LON:HTG - Get Free Report)'s stock had its "buy" rating restated by analysts at Collins Stewart in a report released on Thursday, MarketBeat.com reports. They presently have a GBX 600 price target on the stock. Collins Stewart's price target indicates a potential upside of 83.91% from the company's current price.

Several other brokerages have also commented on HTG. Canaccord Genuity Group restated a "buy" rating and set a GBX 600 price target on shares of Hunting in a research note on Wednesday, July 9th. Berenberg Bank reiterated a "buy" rating and set a GBX 465 target price on shares of Hunting in a report on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 526.25.

Hunting Trading Down 2.3%

LON:HTG traded down GBX 7.75 on Thursday, hitting GBX 326.25. 455,487 shares of the stock were exchanged, compared to its average volume of 582,640. The stock has a market cap of £514.65 million, a PE ratio of -1,853.69, a PEG 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. The stock has a fifty day moving average of GBX 310.30 and a 200-day moving average of GBX 288.28. Hunting has a fifty-two week low of GBX 245 and a fifty-two week high of GBX 454.

Hunting announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 28th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to reacquire up to 6.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

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.