Hunting (LON:HTG) Receives Overweight Rating from Barclays

Barclays reissued their overweight rating on shares of Hunting (LON:HTG) 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 %

Shares of Hunting stock opened at GBX 263.50 ($3.30) on Tuesday. The firm has a market capitalization of £434.62 million, a PE ratio of 3,685.71, a price-to-earnings-growth ratio of 1.06 and a beta of 1.34. The company has a debt-to-equity ratio of 13.88, a current ratio of 2.48 and a quick ratio of 2.08. The company’s fifty day moving average price is GBX 253.76 and its two-hundred day moving average price is GBX 238.30. Hunting has a 52-week low of GBX 190 ($2.38) and a 52-week high of GBX 354 ($4.43).

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%.

About Hunting

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.