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

Berenberg Bank reissued their buy rating on shares of Hunting (LON:HTG) in a research report released on Monday morning, MarketBeat reports. Berenberg Bank currently has a GBX 465 ($6.32) price objective on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 600 ($8.15) price target on shares of Hunting in a report on Wednesday, July 9th.

Hunting Price Performance

Shares of Hunting stock opened at GBX 317.50 ($4.31) on Monday. The stock has a market capitalization of £651.03 million, a P/E ratio of 5.29, a PEG ratio of 1.06 and a beta of 1.07. Hunting has a 12 month low of GBX 245 ($3.33) and a 12 month high of GBX 464 ($6.30). The business has a 50 day simple moving average of GBX 281.04 and a two-hundred day simple moving average of GBX 294.12. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08.

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.