Hunting PLC (LON:HTG) Receives GBX 448.33 Consensus Price Target from Brokerages

Hunting PLC (LON:HTG) has earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 490 ($6.28).

Several equities analysts have commented on HTG shares. Berenberg Bank raised their target price on shares of Hunting from GBX 510 ($6.53) to GBX 520 ($6.66) and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group restated a “buy” rating and set a GBX 600 ($7.69) price objective on shares of Hunting in a research report on Tuesday. Shore Capital reaffirmed a “buy” rating and issued a GBX 510 ($6.53) target price on shares of Hunting in a report on Wednesday, June 12th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 400 ($5.12) price target on shares of Hunting in a report on Thursday, April 18th.

Insiders Place Their Bets

In related news, insider Bruce Ferguson purchased 2,292 shares of the stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of GBX 378 ($4.84) per share, for a total transaction of £8,663.76 ($11,097.43). Insiders own 18.05% of the company’s stock.

Hunting Stock Down 0.4 %

Shares of LON HTG opened at GBX 411.50 ($5.27) on Monday. The stock has a market capitalization of £678.73 million, a P/E ratio of 748.18, a PEG ratio of 1.06 and a beta of 1.07. The stock’s fifty day moving average is GBX 411.09 and its 200 day moving average is GBX 349.05. Hunting has a 52 week low of GBX 227 ($2.91) and a 52 week high of GBX 465.37 ($5.96). The company has a debt-to-equity ratio of 8.24, a quick ratio of 2.08 and a current ratio of 2.78.

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.