Hunting (LON:HTG) Price Target Raised to GBX 500 at Royal Bank Of Canada

Hunting (LON:HTG) had its price target increased by Royal Bank Of Canada from GBX 440 to GBX 500 in a research report report published on Tuesday morning, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

HTG has been the subject of a number of other reports. Jefferies Financial Group increased their target price on Hunting from GBX 350 to GBX 400 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Berenberg Bank reduced their price target on Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 600 price target on shares of Hunting in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 510.

Hunting Price Performance

HTG opened at GBX 428.50 on Tuesday. Hunting has a 52 week low of GBX 245 and a 52 week high of GBX 428.50. The company has a fifty day moving average price of GBX 378.29 and a two-hundred day moving average price of GBX 344.21. The company has a debt-to-equity ratio of 11.64, a quick ratio of 2.08 and a current ratio of 2.69. The firm has a market capitalization of £645.02 million, a PE ratio of -20.21, a P/E/G ratio of 1.06 and a beta of 1.07.

Insiders Place Their Bets

In other Hunting news, insider Margaret Amos acquired 5,136 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of GBX 387 per share, with a total value of £19,876.32. Also, insider Catherine Krajicek bought 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of GBX 350 per share, for a total transaction of £63,000. Insiders have bought 45,258 shares of company stock worth $16,786,088 over the last ninety days. 3.14% of the stock is currently owned by corporate insiders.

About Hunting

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

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.