Hunting (LON:HTG) Given New GBX 480 Price Target at Berenberg Bank

Hunting (LON:HTG - Free Report) had its price target boosted by Berenberg Bank from GBX 460 ($5.62) to GBX 480 ($5.86) in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a buy rating on the stock.

Hunting Stock Up 12.4 %

LON:HTG traded up GBX 38 ($0.46) during trading hours on Tuesday, reaching GBX 345 ($4.21). The company had a trading volume of 1,417,114 shares, compared to its average volume of 1,083,569. The business's 50-day simple moving average is GBX 301.12 and its two-hundred day simple moving average is GBX 366.09. Hunting has a twelve month low of GBX 278 ($3.39) and a twelve month high of GBX 465.37 ($5.68). The firm has a market cap of £546.31 million, a price-to-earnings ratio of 575.00, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.60.

Insider Buying and Selling

In other Hunting news, insider Paula Harris acquired 3,300 shares of the company's stock in a transaction on Friday, November 29th. The shares were purchased at an average cost of GBX 304 ($3.71) per share, with a total value of £10,032 ($12,247.59). 18.20% of the stock is owned by company insiders.

About Hunting

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.