Berenberg Bank Cuts Hunting (LON:HTG) Price Target to GBX 460

Hunting (LON:HTG - Free Report) had its price target decreased by Berenberg Bank from GBX 520 ($6.75) to GBX 460 ($5.97) in a research note published on Tuesday, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 600 ($7.79) price target on shares of Hunting in a research report on Thursday, August 29th.

Hunting Stock Down 1.6 %

HTG stock traded down GBX 5 ($0.06) during mid-day trading on Tuesday, reaching GBX 306.50 ($3.98). The company had a trading volume of 1,008,391 shares, compared to its average volume of 530,173. Hunting has a 52 week low of GBX 247 ($3.21) and a 52 week high of GBX 465.37 ($6.04). The company has a market capitalization of £485.34 million, a price-to-earnings ratio of 510.83, a PEG ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.69 and a quick ratio of 2.08. The stock has a 50 day simple moving average of GBX 402.17 and a two-hundred day simple moving average of GBX 401.03.

Hunting Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.06 per share. This is an increase from Hunting's previous dividend of $0.05. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a yield of 0.97%. Hunting's dividend payout ratio (DPR) is currently 1,333.33%.

About Hunting

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.