Hunting (LON:HTG) Given New GBX 490 Price Target at Berenberg Bank

Hunting (LON:HTG) had its target price boosted by analysts at Berenberg Bank from GBX 480 ($6.19) to GBX 490 ($6.32) in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 72.43% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 600 ($7.73) price objective on shares of Hunting in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 520 ($6.70).

Hunting Price Performance

Shares of LON:HTG traded down GBX 22.82 ($0.29) during midday trading on Thursday, reaching GBX 284.18 ($3.66). 1,455,745 shares of the company were exchanged, compared to its average volume of 586,184. The stock has a market cap of £582.70 million, a PE ratio of 4.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The business’s fifty day moving average is GBX 326.59 and its two-hundred day moving average is GBX 344.51. Hunting has a one year low of GBX 277 ($3.57) and a one year high of GBX 465.37 ($6.00). The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64.

About Hunting

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.