Hunting plc (LON:HTG) was downgraded by equities research analysts at Morgan Stanley to an “underweight” rating in a report issued on Wednesday. They currently have a GBX 440 ($5.75) price target on the stock, down from their previous price target of GBX 550 ($7.18). Morgan Stanley’s price objective suggests a potential downside of 10.44% from the company’s current price.
Several other research firms have also recently commented on HTG. Goldman Sachs Group, Inc. (The) increased their price target on Hunting plc from GBX 767.50 ($10.02) to GBX 774 ($10.11) and gave the company a “buy” rating in a report on Monday, April 10th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 700 ($9.14) price target on shares of Hunting plc in a report on Friday, May 19th. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 425 ($5.55) price target on shares of Hunting plc in a report on Friday, April 21st. Barclays PLC raised Hunting plc to an “overweight” rating and set a GBX 650 ($8.49) price target for the company in a report on Wednesday, March 22nd. Finally, Numis Securities Ltd began coverage on Hunting plc in a report on Tuesday, March 21st. They issued a “buy” rating and a GBX 816 ($10.66) price target for the company. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 564.03 ($7.37).
Hunting plc (HTG) opened at 491.80 on Wednesday. The stock’s 50 day moving average price is GBX 489.71 and its 200 day moving average price is GBX 549.86. The company’s market cap is GBX 801.37 million. Hunting plc has a 52-week low of GBX 392.00 and a 52-week high of GBX 650.00.
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In other Hunting plc news, insider Annell R. Bay bought 3,840 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was bought at an average price of GBX 518 ($6.76) per share, with a total value of £19,891.20 ($25,974.41).
Hunting plc Company Profile
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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