Published On: Tue, Sep 6th, 2016

Hunting plc’s (HTG) Equal weight Rating Reaffirmed at Barclays PLC

Hunting plc (LON:HTG)‘s stock had its “equal weight” rating restated by stock analysts at Barclays PLC in a research note issued to investors on Tuesday. They presently have a GBX 500 ($6.66) price target on the stock. Barclays PLC‘s price target indicates a potential upside of 2.46% from the company’s previous close.
In other news, insider Hunting,Richard bought 3,277 shares of the stock in a transaction dated Friday, July 1st. The shares were acquired at an average price of GBX 476 ($6.34) per share, with a total value of £15,598.52 ($20,775.87).
Several other research firms have also recently commented on HTG. Deutsche Bank AG reiterated a “buy” rating and set a GBX 560 ($7.46) target price on shares of Hunting plc in a research note on Friday, July 22nd. Canaccord Genuity reiterated a “sell” rating and set a GBX 225 ($3.00) target price on shares of Hunting plc in a research note on Friday, July 8th. Goldman Sachs Group reiterated a “buy” rating and set a GBX 436.30 ($5.81) target price on shares of Hunting plc in a research note on Friday, June 3rd. Finally, Liberum Capital cut their target price on shares of Hunting plc from GBX 240 ($3.20) to GBX 232 ($3.09) and set a “sell” rating for the company in a research note on Monday, May 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Hunting plc currently has a consensus rating of “Hold” and a consensus target price of GBX 364.63 ($4.86).

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Shares of Hunting plc (LON:HTG) opened at 488.00 on Tuesday. Hunting plc has a 12 month low of GBX 232.00 and a 12 month high of GBX 495.25. The company has a 50-day moving average of GBX 450.81 and a 200 day moving average of GBX 382.10. The company’s market capitalization is GBX 721.88 million.
Hunting PLC is an international energy services provider to upstream oil and gas companies. The Company’s segments include Well Construction, Well Completion, Well Intervention, and Exploration and Production. The Well Construction segment provides products and services used by customers for the drilling phase of oil and gas wells, along with associated equipment used by the underground construction industry for telecommunication infrastructure build-out, and precision machining services for the energy, aviation and power generation sectors.

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