Macquarie Reaffirms Underperform Rating for Hunting plc (LON:HTG)
Hunting plc (LON:HTG)‘s stock had its “underperform” rating reaffirmed by equities researchers at Macquarie in a research report issued on Wednesday. They presently have a GBX 370 ($4.79) target price on the stock. Macquarie’s target price indicates a potential downside of 23.96% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Barclays PLC upgraded shares of Hunting plc to an “overweight” rating and set a GBX 650 ($8.42) price objective for the company in a report on Wednesday, March 22nd. Numis Securities Ltd started coverage on shares of Hunting plc in a report on Tuesday, March 21st. They issued a “buy” rating and a GBX 816 ($10.57) price objective for the company. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 700 ($9.07) price objective on shares of Hunting plc in a report on Friday, May 19th. Canaccord Genuity reiterated a “sell” rating and issued a GBX 425 ($5.51) price objective on shares of Hunting plc in a report on Friday, April 21st. Finally, Goldman Sachs Group, Inc. (The) decreased their price target on shares of Hunting plc from GBX 774 ($10.03) to GBX 686.40 ($8.89) and set a “buy” rating for the company in a report on Tuesday, May 23rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 592.37 ($7.67).
Shares of Hunting plc (HTG) traded down 2.17% on Wednesday, reaching GBX 486.60. The company had a trading volume of 434,615 shares. Hunting plc has a 52-week low of GBX 392.00 and a 52-week high of GBX 650.00. The company has a 50 day moving average price of GBX 513.76 and a 200 day moving average price of GBX 561.60. The stock’s market capitalization is GBX 792.90 million.
In other Hunting plc news, insider Annell R. Bay purchased 3,840 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was purchased at an average price of GBX 518 ($6.71) per share, with a total value of £19,891.20 ($25,765.80).
About Hunting plc
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 during 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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