Hunting (LON:HTG) Shares Up 12% - Still a Buy?

Hunting PLC (LON:HTG - Get Free Report) shares rose 12% on Wednesday . The company traded as high as GBX 347 ($4.72) and last traded at GBX 336.50 ($4.57). Approximately 6,724,851 shares traded hands during mid-day trading, an increase of 887% from the average daily volume of 681,271 shares. The stock had previously closed at GBX 300.50 ($4.09).

Wall Street Analyst Weigh In

HTG has been the topic of a number of research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 465 ($6.32) target price on shares of Hunting in a report on Wednesday. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 600 ($8.16) target price on shares of Hunting in a report on Wednesday.

Hunting Stock Up 4.2%

The business has a fifty day moving average of GBX 269.30 and a 200 day moving average of GBX 292.37. The stock has a market cap of £641.80 million, a price-to-earnings ratio of 5.22, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08.

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.