Hunting plc Cut to Hold at Canaccord Genuity (HTG)
Hunting plc (LON:HTG) was downgraded by analysts at Canaccord Genuity to a “hold” rating in a research report issued to clients and investors on Friday. They currently have a GBX 950 ($15.72) price target on the stock. Canaccord Genuity’s price target suggests a potential upside of 4.40% from the company’s current price.
Hunting plc (LON:HTG) opened at 892.50 on Friday. Hunting plc has a 1-year low of GBX 719.00 and a 1-year high of GBX 920.00. The stock’s 50-day moving average is GBX 866.6 and its 200-day moving average is GBX 846.. The company’s market cap is £1.310 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “hold” rating on shares of Hunting plc in a research note on Thursday. They now have a GBX 890 ($14.73) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Hunting plc from GBX 950 ($15.72) to GBX 1,000 ($16.55) in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Hunting plc in a research note on Thursday. They now have a GBX 802 ($13.27) price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Hunting plc currently has a consensus rating of “Hold” and a consensus price target of GBX 905.90 ($14.99).
Hunting PLC is a holding company. The Company and its subsidiaries are involved in the manufacture and distribution of products that enable the extraction of oil and gas for the energy companies.
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