Hunting (LON:HTG) Price Target Raised to GBX 480

Hunting (LON:HTG) had its price target hoisted by analysts at Berenberg Bank from GBX 460 ($5.63) to GBX 480 ($5.87) in a report released on Tuesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 39.13% from the stock’s current price.

Hunting Trading Up 12.4 %

HTG traded up GBX 38 ($0.47) during mid-day trading on Tuesday, hitting GBX 345 ($4.22). 1,417,114 shares of the stock were exchanged, compared to its average volume of 1,083,569. The firm’s fifty day moving average is GBX 301.12 and its two-hundred day moving average is GBX 366.09. Hunting has a 1-year low of GBX 278 ($3.40) and a 1-year high of GBX 465.37 ($5.69). The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.60. The company has a market cap of £546.31 million, a PE ratio of 575.00, a PEG ratio of 1.06 and a beta of 1.07.

Insider Buying and Selling at Hunting

In related news, insider Paula Harris acquired 3,300 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was bought at an average cost of GBX 304 ($3.72) per share, with a total value of £10,032 ($12,276.06). 18.20% of the stock is owned by corporate 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.