Hunting’s (HTG) “Underweight” Rating Reaffirmed at Barclays

Barclays restated their underweight rating on shares of Hunting (LON:HTG) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada cut their price objective on shares of Hunting from GBX 290 ($3.57) to GBX 280 ($3.45) and set an outperform rating for the company in a research note on Monday. Jefferies Financial Group cut their price objective on shares of Hunting from GBX 470 ($5.78) to GBX 260 ($3.20) and set a buy rating for the company in a research note on Monday, June 8th. Kepler Capital Markets cut their price objective on shares of Hunting from GBX 240 ($2.95) to GBX 230 ($2.83) and set a hold rating for the company in a research note on Tuesday, April 21st. Canaccord Genuity lowered their price target on shares of Hunting from GBX 475 ($5.85) to GBX 275 ($3.38) and set a buy rating for the company in a report on Monday, May 18th. Finally, Goldman Sachs Group upgraded shares of Hunting to a buy rating and upped their price target for the company from GBX 180 ($2.22) to GBX 340 ($4.18) in a report on Monday, June 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 311.36 ($3.83).

HTG stock opened at GBX 212.60 ($2.62) on Tuesday. The company has a debt-to-equity ratio of 4.14, a current ratio of 4.69 and a quick ratio of 2.13. Hunting has a one year low of GBX 148.90 ($1.83) and a one year high of GBX 568 ($6.99). The stock has a market cap of $343.08 million and a PE ratio of 9.05. The firm has a 50 day simple moving average of GBX 184.57 and a two-hundred day simple moving average of GBX 262.21.

In related news, insider Richard Hunting sold 18,000 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of GBX 216 ($2.66), for a total transaction of £38,880 ($47,846.42).

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.

See Also: Book Value Per Share – BVPS

Analyst Recommendations for Hunting (LON:HTG)

Receive News & Ratings for Hunting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hunting and related companies with MarketBeat.com's FREE daily email newsletter.