Hunting (LON:HTG) Receives Buy Rating from Jefferies Financial Group

Hunting (LON:HTG)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a report issued on Thursday, Marketbeat reports. They presently have a GBX 400 ($4.98) price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 11.42% from the company’s previous close.

A number of other brokerages have also recently commented on HTG. Berenberg Bank upped their target price on shares of Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the company a “buy” rating in a report on Wednesday, January 10th. Canaccord Genuity Group lifted their target price on Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the company a “buy” rating in a research report on Friday, March 1st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Hunting currently has a consensus rating of “Buy” and a consensus price target of GBX 407 ($5.07).

Hunting Trading Up 1.4 %

Shares of LON:HTG opened at GBX 359 ($4.47) on Thursday. The stock’s 50-day simple moving average is GBX 321.90 and its two-hundred day simple moving average is GBX 299.78. The stock has a market capitalization of £592.13 million, a price-to-earnings ratio of 652.73, a PEG ratio of 1.06 and a beta of 1.10. Hunting has a 52-week low of GBX 190 ($2.37) and a 52-week high of GBX 369.50 ($4.60). The company has a debt-to-equity ratio of 8.24, a quick ratio of 2.08 and a current ratio of 2.78.

Insider Buying and Selling

In other news, insider Bruce Ferguson sold 28,960 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.77), for a total value of £87,748.80 ($109,235.40). 7.40% of the stock is owned by insiders.

About Hunting

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.