Hunting (LON:HTG) Earns Buy Rating from Berenberg Bank

Hunting (LON:HTG)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report released on Wednesday,Digital Look reports. They currently have a GBX 580 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 26.78% from the company’s current price.

Several other research analysts also recently issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 600 price target on shares of Hunting in a research note on Wednesday, April 15th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 400 price objective on shares of Hunting in a research note on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 536.

Hunting Stock Down 0.3%

HTG opened at GBX 457.50 on Wednesday. The company has a debt-to-equity ratio of 13.38, a quick ratio of 2.08 and a current ratio of 2.97. The company has a market cap of £667.25 million, a price-to-earnings ratio of 18.60, a PEG ratio of 1.06 and a beta of 0.67. Hunting has a one year low of GBX 288.50 and a one year high of GBX 553. The business’s fifty day moving average is GBX 470.08 and its two-hundred day moving average is GBX 470.23.

Hunting Company Profile

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.