Hunting (LON:HTG) Rating Reiterated by UBS Group
Hunting (LON:HTG)‘s stock had its “buy” rating reiterated by investment analysts at UBS Group in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. They currently have a GBX 680 ($8.89) price objective on the stock, down from their previous price objective of GBX 710 ($9.28). UBS Group’s price objective points to a potential upside of 27.22% from the company’s previous close.
A number of other equities research analysts have also weighed in on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 640 ($8.36) target price on shares of Hunting in a report on Wednesday, April 17th. Royal Bank of Canada reduced their target price on shares of from GBX 845 ($11.04) to GBX 800 ($10.45) and set an “outperform” rating on the stock in a report on Wednesday, June 19th. JPMorgan Chase & Co. raised shares of from a “neutral” rating to an “overweight” rating in a report on Friday, May 24th. Credit Suisse Group set a €100.00 ($116.28) target price on shares of Safran and gave the stock a “sell” rating in a report on Friday, May 31st. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price on shares of General Motors in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 783.69 ($10.24).
HTG opened at GBX 534.50 ($6.98) on Friday. Hunting has a fifty-two week low of GBX 448 ($5.85) and a fifty-two week high of GBX 883.50 ($11.54). The company has a quick ratio of 1.73, a current ratio of 4.06 and a debt-to-equity ratio of 0.55. The company has a market cap of $892.29 million and a price-to-earnings ratio of 10.22. The stock’s 50 day simple moving average is GBX 518.31.
Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.
Further Reading: Current Ratio
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