Hunting (LON:HTG) Price Target Lowered to GBX 460 at Berenberg Bank

Hunting (LON:HTG) had its target price reduced by Berenberg Bank from GBX 520 ($6.75) to GBX 460 ($5.97) in a report released on Tuesday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 600 ($7.79) target price on shares of Hunting in a research report on Thursday, August 29th.

Hunting Price Performance

Shares of LON:HTG opened at GBX 302.50 ($3.93) on Tuesday. The firm’s 50 day moving average is GBX 394.26 and its two-hundred day moving average is GBX 400.35. The firm has a market capitalization of £479.01 million, a P/E ratio of 504.17, 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 11.60. Hunting has a 52 week low of GBX 247 ($3.21) and a 52 week high of GBX 465.37 ($6.04).

Hunting Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, October 3rd were paid a $0.06 dividend. This is a positive change from Hunting’s previous dividend of $0.05. This represents a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, October 3rd. Hunting’s dividend payout ratio is currently 1,333.33%.

About Hunting

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.