Berenberg Bank Reaffirms Buy Rating for Hunting (LON:HTG)

Hunting (LON:HTG – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 580 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 22.62% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 target price on shares of Hunting in a research report on Wednesday, April 15th. Jefferies Financial Group restated a “hold” rating and issued a GBX 400 price target on shares of Hunting in a research report 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 536.

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Hunting Stock Performance

LON:HTG opened at GBX 473 on Wednesday. The stock has a market cap of £689.86 million, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67. The company has a current ratio of 2.97, a quick ratio of 2.08 and a debt-to-equity ratio of 13.38. The stock’s 50-day moving average is GBX 471.50 and its 200-day moving average is GBX 468.87. Hunting has a 1-year low of GBX 288.50 and a 1-year high of GBX 553.

About Hunting

(Get Free Report)

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.

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