Hunting plc (HTG) PT Lowered to GBX 686.40

Hunting plc (LON:HTG) had its price target lowered by Goldman Sachs Group, Inc. (The) from GBX 774 ($9.86) to GBX 686.40 ($8.75) in a research note released on Tuesday, May 23rd, MarketBeat.com reports. The firm currently has a buy rating on the stock.

HTG has been the subject of several other research reports. Morgan Stanley reissued an underweight rating and issued a GBX 470 ($5.99) target price on shares of Hunting plc in a research report on Monday, January 30th. Barclays PLC raised shares of Hunting plc to an overweight rating and set a GBX 650 ($8.28) target price for the company in a research report on Wednesday, March 22nd. Deutsche Bank AG reissued a buy rating and issued a GBX 700 ($8.92) target price on shares of Hunting plc in a research report on Friday, February 17th. Canaccord Genuity reissued a sell rating and issued a GBX 425 ($5.41) target price on shares of Hunting plc in a research report on Friday, April 21st. Finally, Numis Securities Ltd initiated coverage on shares of Hunting plc in a research report on Tuesday, March 21st. They issued a buy rating and a GBX 816 ($10.40) target price for the company. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 580.76 ($7.40).

Shares of Hunting plc (LON HTG) traded down 2.20% on Tuesday, reaching GBX 466.60. The company’s stock had a trading volume of 456,778 shares. The company’s 50-day moving average is GBX 527.99 and its 200 day moving average is GBX 568.02. Hunting plc has a 12-month low of GBX 360.75 and a 12-month high of GBX 650.00. The company’s market capitalization is GBX 760.31 million.

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In other news, insider Annell R. Bay bought 3,840 shares of Hunting plc stock in a transaction on Wednesday, June 14th. The stock was purchased at an average cost of GBX 518 ($6.60) per share, with a total value of £19,891.20 ($25,342.34).

About Hunting plc

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 during 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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