Hunting plc (HTG) Coverage Initiated by Analysts at Numis Securities Ltd
Equities research analysts at Numis Securities Ltd began coverage on shares of Hunting plc (LON:HTG) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a GBX 816 ($10.59) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 102.93% from the stock’s previous close.
Several other research analysts have also weighed in on HTG. Credit Suisse Group reissued an “outperform” rating and set a GBX 600 ($7.79) price objective on shares of Hunting plc in a report on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating on shares of Hunting plc in a report on Monday, July 24th. J P Morgan Chase & Co raised their price objective on shares of Hunting plc from GBX 290 ($3.76) to GBX 315 ($4.09) and gave the stock a “neutral” rating in a report on Thursday, July 20th. Morgan Stanley lowered shares of 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. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 701.40 ($9.11) price objective on shares of Hunting plc in a report on Thursday, July 13th. Four analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 552.88 ($7.18).
Shares of Hunting plc (LON:HTG) traded down 5.88% during mid-day trading on Thursday, hitting GBX 402.10. Hunting plc has a one year low of GBX 398.80 and a one year high of GBX 650.00. The stock’s market cap is GBX 655.83 million. The stock’s 50 day moving average price is GBX 461.01 and its 200-day moving average price is GBX 521.48.
In other news, insider Annell R. Bay acquired 3,840 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were 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 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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