Hunting plc (HTG) PT Raised to GBX 315 at J P Morgan Chase & Co
Hunting plc (LON:HTG) had its price objective increased by equities research analysts at J P Morgan Chase & Co from GBX 290 ($3.79) to GBX 315 ($4.11) in a research note issued on Thursday. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective points to a potential downside of 35.88% from the stock’s current price.
Several other equities research analysts also recently commented on HTG. Barclays PLC upgraded shares of Hunting plc to an “overweight” rating and set a GBX 650 ($8.49) price target for the company in a research report on Wednesday, March 22nd. Goldman Sachs Group, Inc. (The) upped their price target on shares of Hunting plc from GBX 767.50 ($10.02) to GBX 774 ($10.11) and gave the company a “buy” rating in a research report on Monday, April 10th. Canaccord Genuity restated a “sell” rating and issued a GBX 425 ($5.55) price target on shares of Hunting plc in a research report on Friday, April 21st. Deutsche Bank AG restated a “buy” rating and issued a GBX 700 ($9.14) price target on shares of Hunting plc in a research report on Friday, May 19th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Hunting plc in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 564.03 ($7.37).
Hunting plc (LON HTG) traded up 0.61% during mid-day trading on Thursday, reaching GBX 491.30. 528,573 shares of the company’s stock traded hands. The company’s market capitalization is GBX 800.56 million. 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 of GBX 490.14 and a 200-day moving average of GBX 549.86.
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In other news, insider Annell R. Bay bought 3,840 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were acquired at an average cost of GBX 518 ($6.76) per share, for a total transaction of £19,891.20 ($25,974.41).
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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