Canaccord Genuity Upgrades Hunting (HTG) to “Buy”

Canaccord Genuity upgraded shares of Hunting (LON:HTG) to a buy rating in a research report released on Thursday morning. Canaccord Genuity currently has GBX 775 ($10.13) price objective on the stock, down from their prior price objective of GBX 850 ($11.11).

Other equities analysts also recently issued reports about the stock. Barclays reaffirmed an overweight rating on shares of Hunting in a report on Friday, August 31st. UBS Group increased their price objective on shares of Hunting from GBX 850 ($11.11) to GBX 900 ($11.76) and gave the company a neutral rating in a report on Friday, August 31st. Royal Bank of Canada increased their price objective on shares of Hunting from GBX 800 ($10.45) to GBX 930 ($12.15) and gave the company an outperform rating in a report on Thursday, October 11th. Numis Securities increased their target price on shares of Hunting from GBX 848 ($11.08) to GBX 921 ($12.03) and gave the company a hold rating in a research report on Friday, August 31st. Finally, Macquarie upgraded shares of Hunting to an outperform rating and set a GBX 790 ($10.32) target price for the company in a research report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 849.18 ($11.10).

HTG traded down GBX 24 ($0.31) during midday trading on Thursday, hitting GBX 638 ($8.34). 354,106 shares of the company traded hands, compared to its average volume of 647,125. Hunting has a 52-week low of GBX 376.50 ($4.92) and a 52-week high of GBX 735.50 ($9.61).

The firm also recently announced a dividend, which was paid on Wednesday, October 24th. Stockholders of record on Thursday, October 4th were given a $0.04 dividend. This represents a dividend yield of 0.36%. The ex-dividend date of this dividend was Thursday, October 4th.

Hunting Company Profile

Hunting PLC manufactures, supplies, and distributes products that enable the extraction of oil and gas to upstream oil and gas companies. The company offers perforating guns and accessories; and premium connections, OCTG equipment, drilling tools, subsea equipment, intervention tools, and electronics.

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Analyst Recommendations for Hunting (LON:HTG)

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