Hunting plc (LON:HTG) Given Outperform Rating at Credit Suisse Group
Hunting plc (LON:HTG)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group in a report issued on Friday.
HTG has been the subject of several other research reports. Barclays PLC reissued an “overweight” rating and issued a GBX 650 ($8.49) price objective on shares of Hunting plc in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) increased their price objective 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 note on Monday, April 10th. Canaccord Genuity reissued a “sell” rating and issued a GBX 425 ($5.55) price objective on shares of Hunting plc in a research note on Friday, April 21st. Morgan Stanley downgraded shares of Hunting plc to an “underweight” rating and dropped their price objective for the company from GBX 550 ($7.18) to GBX 440 ($5.75) in a research note on Wednesday. Finally, Macquarie reissued an “underperform” rating and issued a GBX 370 ($4.83) price objective on shares of Hunting plc in a research note on Wednesday, July 5th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 564.03 ($7.37).
Shares of Hunting plc (HTG) opened at 491.20 on Friday. The company has a 50 day moving average of GBX 489.76 and a 200-day moving average of GBX 549.45. The firm’s market cap is GBX 800.40 million. Hunting plc has a one year low of GBX 392.00 and a one year high of GBX 650.00.
In other Hunting plc news, insider Annell R. Bay purchased 3,840 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was purchased at an average cost of GBX 518 ($6.76) per share, for a total transaction of £19,891.20 ($25,974.41).
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 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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