Hunting (LON:HTG) Price Target Cut to GBX 600 by Analysts at Canaccord Genuity Group

Hunting (LON:HTG) had its target price decreased by Canaccord Genuity Group to GBX 600 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on HTG. Royal Bank Of Canada increased their target price on Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Berenberg Bank cut their price target on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 510.

Hunting Trading Down 1.7%

HTG opened at GBX 445.50 on Thursday. The firm has a market cap of £670.61 million, a PE ratio of -21.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. Hunting has a twelve month low of GBX 245 and a twelve month high of GBX 462.50. 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’s fifty day moving average is GBX 389.02 and its two-hundred day moving average is GBX 350.05.

Insider Transactions at Hunting

In other Hunting news, insider Bruce Ferguson purchased 2,122 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of GBX 348 per share, for a total transaction of £7,384.56. Also, insider Stuart Brightman acquired 20,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was bought at an average cost of GBX 388 per share, with a total value of £77,600. Insiders purchased a total of 45,258 shares of company stock worth $16,786,088 over the last ninety days. Corporate insiders own 3.14% of the company’s stock.

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.