Macquarie Reaffirms “Underperform” Rating for Hunting plc (HTG)
Macquarie reissued their underperform rating on shares of Hunting plc (LON:HTG) in a research note published on Friday morning, Marketbeat reports. They currently have a GBX 370 ($4.80) target price on the stock.
A number of other analysts have also weighed in on HTG. Deutsche Bank AG restated a buy rating and set a GBX 700 ($9.09) target price on shares of Hunting plc in a report on Friday, May 19th. Goldman Sachs Group, Inc. (The) lowered their target price on Hunting plc from GBX 774 ($10.05) to GBX 686.40 ($8.91) and set a buy rating for the company in a report on Tuesday, May 23rd. Credit Suisse Group restated an outperform rating on shares of Hunting plc in a report on Friday, June 2nd. Barclays PLC restated an overweight rating and set a GBX 650 ($8.44) target price on shares of Hunting plc in a report on Wednesday, July 5th. Finally, Sanford C. Bernstein reiterated an outperform rating and set a GBX 750 ($9.74) price objective on shares of Hunting plc in a report on Thursday, July 6th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 552.88 ($7.18).
Shares of Hunting plc (LON:HTG) opened at 402.10 on Friday. The company’s market cap is GBX 655.83 million. Hunting plc has a 12-month low of GBX 398.80 and a 12-month high of GBX 650.00. The stock’s 50 day moving average price is GBX 461.01 and its 200 day moving average price is GBX 521.48.
In related news, insider Annell R. Bay purchased 3,840 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were bought at an average cost of GBX 518 ($6.72) per share, with a total value of £19,891.20 ($25,822.67).
Hunting plc Company Profile
Hunting PLC is an international energy services provider to upstream oil and gas companies. The Company’s segments include Well Construction, Well Completion, Well Intervention, and Exploration and Production. The Well Construction segment provides products and services used by customers during the drilling phase of oil and gas wells, along with associated equipment used by the underground construction industry for telecommunication infrastructure build-out and precision machining services for the energy, aviation and power generation sectors.
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