Berenberg Bank Reaffirms Buy Rating for Hunting (LON:HTG)

Berenberg Bank reissued their buy rating on shares of Hunting (LON:HTG) in a research report report published on Thursday morning, Digital Look reports. They currently have a GBX 520 ($6.86) target price on the stock.

Several other analysts also recently weighed in on the stock. Shore Capital reaffirmed a buy rating and set a GBX 510 ($6.73) price target on shares of Hunting in a research note on Wednesday, June 12th. Canaccord Genuity Group reaffirmed a buy rating and issued a GBX 600 ($7.91) price target on shares of Hunting in a research report on Thursday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Hunting currently has an average rating of Buy and a consensus target price of GBX 490 ($6.46).

Hunting Trading Up 3.2 %

Shares of LON:HTG traded up GBX 14 ($0.18) during trading hours on Thursday, hitting GBX 446.50 ($5.89). 843,285 shares of the company’s stock traded hands, compared to its average volume of 456,776. The business has a fifty day moving average price of GBX 425.62 and a 200-day moving average price of GBX 381.04. Hunting has a 1 year low of GBX 235.50 ($3.11) and a 1 year high of GBX 465.37 ($6.14). The company has a debt-to-equity ratio of 8.24, a current ratio of 2.78 and a quick ratio of 2.08. The firm has a market capitalization of £707.03 million, a P/E ratio of 825.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10.

Hunting Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd will be issued a $0.06 dividend. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 0.97%. This is a boost from Hunting’s previous dividend of $0.05. Hunting’s dividend payout ratio (DPR) is currently 1,481.48%.

Hunting Company Profile

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.