Barclays reissued their overweight rating on shares of Hunting (LON:HTG – Free Report) in a research note released on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 420 ($5.26) target price on the stock.
Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group reissued a buy rating and issued a GBX 350 ($4.38) price target on shares of Hunting in a report on Tuesday, June 6th. Royal Bank of Canada reissued an outperform rating and issued a GBX 400 ($5.01) price target on shares of Hunting in a report on Tuesday, July 11th.
Hunting Trading Up 2.1 %
Hunting Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, October 27th. Stockholders of record on Thursday, October 5th will be issued a $0.05 dividend. This is a positive change from Hunting’s previous dividend of $0.05. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 1.54%. Hunting’s dividend payout ratio is presently 11,428.57%.
Hunting PLC, together with its subsidiaries, provides tools and components for oil and gas and energy industries. The company operates through Hunting Titan, North America, Europe, Middle East and Africa, and Asia Pacific segments. The Hunting Titan segment manufactures and distributes integrated and conventional gun systems and hardware related products.
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