Berenberg Bank Lowers Hunting (LON:HTG) Price Target to GBX 460

Hunting (LON:HTG) had its price objective lowered by investment analysts at Berenberg Bank from GBX 520 ($6.75) to GBX 460 ($5.97) in a research report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 50.08% from the company’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 600 ($7.79) target price on shares of Hunting in a report on Thursday, August 29th.

Hunting Stock Performance

LON HTG opened at GBX 306.50 ($3.98) on Tuesday. The firm’s fifty day moving average price is GBX 402.17 and its two-hundred day moving average price is GBX 401.03. The stock has a market cap of £485.34 million, a PE ratio of 510.83, a PEG ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 11.60, a quick ratio of 2.08 and a current ratio of 2.69. Hunting has a fifty-two week low of GBX 247 ($3.21) and a fifty-two week high of GBX 465.37 ($6.04).

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.