Royal Bank Of Canada Boosts Hunting (LON:HTG) Price Target to GBX 500

Hunting (LON:HTG) had its price target upped by Royal Bank Of Canada from GBX 440 to GBX 500 in a report released on Tuesday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 15.47% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of Hunting from GBX 350 to GBX 400 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 600 price objective on shares of Hunting in a research note on Thursday, October 23rd. Finally, Berenberg Bank decreased their price target on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 510.

Hunting Trading Up 1.1%

HTG opened at GBX 433 on Tuesday. The company has a market cap of £651.79 million, a P/E ratio of -20.42, a PEG ratio of 1.06 and a beta of 1.07. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. The company’s 50 day moving average is GBX 379.81 and its 200-day moving average is GBX 344.83. Hunting has a 1-year low of GBX 245 and a 1-year high of GBX 437.50.

Insider Activity at Hunting

In other news, insider Margaret Amos bought 5,136 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average cost of GBX 387 per share, with a total value of £19,876.32. Also, insider Catherine Krajicek purchased 18,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of GBX 350 per share, for a total transaction of £63,000. Over the last 90 days, insiders have purchased 45,258 shares of company stock worth $16,786,088. 3.14% of the stock is owned by insiders.

About Hunting

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.