Hunting plc (HTG) Receives Consensus Rating of “Hold” from Brokerages
Shares of Hunting plc (LON:HTG) have received an average recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 558.95 ($7.26).
HTG has been the subject of a number of research reports. Canaccord Genuity reiterated a “sell” rating and issued a GBX 425 ($5.52) price objective on shares of Hunting plc in a report on Friday, April 21st. Macquarie reiterated an “underperform” rating and issued a GBX 370 ($4.80) price objective on shares of Hunting plc in a report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 700 ($9.09) price objective on shares of Hunting plc in a report on Friday, May 19th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 600 ($7.79) price objective on shares of Hunting plc in a report on Wednesday, August 9th. Finally, Morgan Stanley downgraded Hunting plc to an “underweight” rating and decreased their price objective for the stock from GBX 550 ($7.14) to GBX 440 ($5.71) in a report on Wednesday, July 19th.
In related news, insider Annell R. Bay purchased 3,840 shares of Hunting plc stock in a transaction dated Wednesday, June 14th. The stock was purchased at an average cost of GBX 518 ($6.72) per share, for a total transaction of £19,891.20 ($25,822.67).
Hunting plc (LON:HTG) traded down 0.64% during mid-day trading on Friday, reaching GBX 419.20. 346,048 shares of the company traded hands. Hunting plc has a 12-month low of GBX 404.75 and a 12-month high of GBX 650.00. The company’s 50-day moving average is GBX 472.94 and its 200-day moving average is GBX 526.83. The stock’s market capitalization is GBX 683.07 million.
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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