Berenberg Bank Forecasts Strong Price Appreciation for Hunting (LON:HTG) Stock

Hunting (LON:HTG) had its target price raised by equities research analysts at Berenberg Bank from GBX 460 ($5.63) to GBX 480 ($5.88) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 33.33% from the company’s current price.

Hunting Price Performance

Shares of HTG opened at GBX 360 ($4.41) on Tuesday. The business has a 50-day simple moving average of GBX 301.93 and a two-hundred day simple moving average of GBX 365.68. Hunting has a 12-month low of GBX 278 ($3.40) and a 12-month high of GBX 465.37 ($5.70). The stock has a market cap of £570.06 million, a PE ratio of 600.00, a PEG ratio of 1.06 and a beta of 1.07. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.60.

Insider Activity at Hunting

In related news, insider Paula Harris bought 3,300 shares of the business’s stock in a transaction on Friday, November 29th. The shares were purchased at an average cost of GBX 304 ($3.72) per share, with a total value of £10,032 ($12,279.07). 18.20% of the stock is owned by company insiders.

Hunting Company Profile

Located in 11 countries across four continents, we manufacture components, technology systems and precision parts globally.

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.