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

Hunting (LON:HTG) had its price target increased by Berenberg Bank from GBX 460 ($5.62) to GBX 480 ($5.86) in a research note released on Tuesday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Hunting Stock Up 2.5 %

Hunting stock opened at GBX 353.50 ($4.32) on Tuesday. The firm has a market capitalization of £559.77 million, a price-to-earnings ratio of 589.17, a PEG ratio of 1.06 and a beta of 1.07. The company’s 50 day simple moving average is GBX 301.12 and its 200 day simple moving average is GBX 366.09. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.69 and a quick ratio of 2.08. Hunting has a fifty-two week low of GBX 278 ($3.39) and a fifty-two week high of GBX 465.37 ($5.68).

Insider Activity

In other Hunting news, insider Paula Harris acquired 3,300 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were acquired at an average price of GBX 304 ($3.71) per share, for a total transaction of £10,032 ($12,247.59). 18.20% of the stock is owned by company 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.