Hunting (LON:HTG) Rating Reiterated by Berenberg Bank

Hunting (LON:HTG)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 520 ($6.86) target price on the stock. Berenberg Bank’s price target points to a potential upside of 16.07% from the company’s current price.

A number of other research analysts also recently commented on HTG. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 600 ($7.91) price target on shares of Hunting in a report on Thursday. Shore Capital reaffirmed a “buy” rating and issued a GBX 510 ($6.73) price target on shares of Hunting in a report on Wednesday, June 12th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 490 ($6.46).

Hunting Trading Up 3.6 %

Shares of Hunting stock opened at GBX 448 ($5.91) on Thursday. The firm has a market cap of £709.41 million, a price-to-earnings ratio of 829.63, a PEG ratio of 1.06 and a beta of 1.10. The business has a 50-day moving average price of GBX 426.38 and a 200-day moving average price of GBX 381.51. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 8.24. Hunting has a twelve month low of GBX 235.50 ($3.11) and a twelve month high of GBX 465.37 ($6.14).

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.