Hunting (LON:HTG)‘s stock had its “neutral” rating restated by equities researchers at UBS Group in a note issued to investors on Monday, February 4th, investing.thisismoney.co.uk reports. They presently have a GBX 600 ($7.84) target price on the stock, down from their prior target price of GBX 840 ($10.98). UBS Group’s target price would suggest a potential upside of 5.82% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Barclays cut shares of Hunting to an “equal weight” rating and upped their price objective for the stock from GBX 940 ($12.28) to GBX 1,000 ($13.07) in a research report on Wednesday, October 10th. Royal Bank of Canada upped their price objective on shares of Hunting from GBX 800 ($10.45) to GBX 930 ($12.15) and gave the stock an “outperform” rating in a research report on Thursday, October 11th. Canaccord Genuity raised shares of Hunting to a “buy” rating and reduced their target price for the stock from GBX 850 ($11.11) to GBX 775 ($10.13) in a report on Thursday, November 8th. Macquarie raised shares of Hunting to an “outperform” rating and set a GBX 790 ($10.32) target price on the stock in a report on Monday, October 22nd. Finally, JPMorgan Chase & Co. raised shares of Hunting to an “overweight” rating and boosted their target price for the stock from GBX 721 ($9.42) to GBX 729 ($9.53) in a report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Hunting has a consensus rating of “Hold” and an average price target of GBX 838.46 ($10.96).
Shares of LON:HTG traded up GBX 19.50 ($0.25) during midday trading on Monday, hitting GBX 567 ($7.41). The stock had a trading volume of 566,864 shares, compared to its average volume of 647,125. Hunting has a fifty-two week low of GBX 376.50 ($4.92) and a fifty-two week high of GBX 735.50 ($9.61).
Hunting PLC manufactures, supplies, and distributes products that enable the extraction of oil and gas to upstream oil and gas companies. The company offers perforating guns and accessories; and premium connections, OCTG equipment, drilling tools, subsea equipment, intervention tools, and electronics.
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