Hunting plc (HTG) Research Coverage Started at Morgan Stanley
Morgan Stanley started coverage on shares of Hunting plc (LON:HTG) in a report issued on Tuesday. The firm set an “underweight” rating and a GBX 400 ($5.22) price target on the stock. Morgan Stanley’s price objective would suggest a potential downside of 21.26% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on HTG. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 560 ($7.31) price objective on shares of Hunting plc in a report on Friday, July 22nd. Canaccord Genuity reiterated a “sell” rating and issued a GBX 225 ($2.94) price objective on shares of Hunting plc in a report on Tuesday, July 26th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 500 ($6.53) price objective on shares of Hunting plc in a report on Tuesday, September 6th. Liberum Capital reiterated a “sell” rating and issued a GBX 305 ($3.98) price objective on shares of Hunting plc in a report on Monday, September 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Hunting plc in a report on Tuesday, September 6th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 377.76 ($4.93).
Shares of Hunting plc (LON:HTG) traded up 1.80% during mid-day trading on Tuesday, reaching GBX 508.00. The company had a trading volume of 483,743 shares. Hunting plc has a 52-week low of GBX 232.00 and a 52-week high of GBX 517.00. The company’s market capitalization is GBX 752.35 million. The company’s 50-day moving average price is GBX 454.26 and its 200-day moving average price is GBX 396.52.
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Hunting plc Company Profile
Hunting PLC is an international energy services provider to upstream oil and gas companies. The Company’s segments include Well Construction, Well Completion, Well Intervention, and Exploration and Production. The Well Construction segment provides products and services used by customers for the drilling phase of oil and gas wells, along with associated equipment used by the underground construction industry for telecommunication infrastructure build-out, and precision machining services for the energy, aviation and power generation sectors.
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