Hunting (LON:HTG) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Hunting PLC shares surpassed their 200-day moving average, with current trading at GBX 310.50 ($4.13) after reaching a high of GBX 312.50 ($4.16).
• Analysts maintain strong outlooks for the stock, with Berenberg Bank setting a price target of GBX 465 ($6.18) and Canaccord Genuity targeting GBX 600 ($7.98).
• The company has a market capitalization of £635.08 million and shows solid financial ratios, including a price-to-earnings ratio of 5.16.

Hunting PLC (LON:HTG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 293.10 ($3.94) and traded as high as GBX 312.50 ($4.20). Hunting shares last traded at GBX 310.50 ($4.18), with a volume of 795,949 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on HTG shares. Canaccord Genuity Group reissued a "buy" rating and set a GBX 600 ($8.07) target price on shares of Hunting in a research report on Wednesday, July 9th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 465 ($6.25) price objective on shares of Hunting in a research report on Monday, July 21st.

Hunting Stock Down 0.8%

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's 50-day simple moving average is GBX 293.97 and its 200-day simple moving average is GBX 291.85. The firm has a market capitalization of £623.35 million, a P/E ratio of 5.07, a P/E/G ratio of 1.06 and a beta of 1.07.

Hunting Company Profile

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.