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.

In other news, insider Keith Lough purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average price of GBX 524 ($6.85) per share, for a total transaction of £15,720 ($20,540.96). Also, insider Peter Rose sold 52,460 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of GBX 494 ($6.45), for a total transaction of £259,152.40 ($338,628.51).

About Hunting

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

Analyst Recommendations for Hunting (LON:HTG)

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