Hunting (LON:HTG – Get Note) had its price target reduced by JPMorgan Chase & Co. equity research analysts from 310 GBX ($3.69) to 270 GBX ($3.21) in a note to investors released Wednesday, MarketBeat Ratings reports . The company currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 40.19% from the company’s previous close.
Other stock analysts have also recently published research reports on the company. Royal Bank of Canada cut its target price on Hunting from 455 GBX ($5.41) to 400 GBX ($4.76) and set an “outperform” rating on the stock in a research note on Wednesday. Canaccord Genuity Group reduced Hunting’s shares to a “hold” rating and raised its price target for the stock from 200 GBX ($2.38) to 300 GBX ($3.57) in a report released on Thursday, May 5. Finally, Barclays reaffirmed an “underweight” rating and issued a GBX 360 ($4.28) price target on Hunting shares in a Friday, July 1 report. One analyst assigned the stock a sell rating, two assigned a hold rating and three assigned the company’s stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of 300.83 GBX ($3.58).
Shares of LON HTG opened on Wednesday at 192.60 GBX ($2.29). The Hunt has a twelve-month low of 142.80 GBX ($1.70) and a twelve-month high of 356.50 GBX ($4.24). The stock’s 50-day moving average price is 283.14 GBX and its 200-day moving average price is 268.84 GBX. The company has a market capitalization of £317.67 million and a PE ratio of -4.42. The company has a quick ratio of 2.58, a current ratio of 4.81 and a debt ratio of 4.21.
Hunting Company Profile (Get an assessment)
Hunting PLC, together with its subsidiaries, manufactures and distributes tools and components for the upstream oil and gas industry worldwide. It offers perforators and equipment, energy charges and instrumentation products; and connections, oil country tubular products, drilling tools, subsea equipment, intervention tools and electronics.
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