Berenberg Bank Boosts Hunting (LON:HTG) Price Target to GBX 480

Hunting (LON:HTG) had its target price lifted by Berenberg Bank from GBX 460 ($5.63) to GBX 480 ($5.88) in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 33.33% from the company’s current price.

Hunting Stock Up 4.3 %

LON HTG opened at GBX 360 ($4.41) on Tuesday. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.60. The company has a market cap of £570.06 million, a price-to-earnings ratio of 600.00, a PEG ratio of 1.06 and a beta of 1.07. The company has a 50 day moving average of GBX 301.93 and a 200-day moving average of GBX 365.68. Hunting has a 1-year low of GBX 278 ($3.40) and a 1-year high of GBX 465.37 ($5.70).

Insider Activity

In other news, insider Paula Harris bought 3,300 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of GBX 304 ($3.72) per share, for a total transaction of £10,032 ($12,279.07). Corporate insiders own 18.20% of the company’s stock.

Hunting Company Profile

Located in 11 countries across four continents, we manufacture components, technology systems and precision parts globally.

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.