Berenberg Bank Raises Hunting (LON:HTG) Price Target to GBX 490

Hunting (LON:HTG - Free Report) had its target price lifted by Berenberg Bank from GBX 480 ($6.18) to GBX 490 ($6.31) in a report released on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 600 ($7.72) price objective on shares of Hunting in a report on Thursday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of GBX 520 ($6.69).

Hunting Stock Performance

Hunting stock traded down GBX 1 ($0.01) during mid-day trading on Thursday, reaching GBX 294.50 ($3.79). 516,852 shares of the company traded hands, compared to its average volume of 926,065. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08. The firm's fifty day moving average is GBX 327.24 and its two-hundred day moving average is GBX 340.61. Hunting has a fifty-two week low of GBX 277 ($3.57) and a fifty-two week high of GBX 465.37 ($5.99). The company has a market capitalization of £603.87 million, a price-to-earnings ratio of 4.91, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07.

Hunting Company Profile

Located in 11 countries across four continents, we manufacture components, technology systems and precision parts globally. 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.