Reaffirmed: Hunting PLC (LON:HTG) Equal weight Rating Has Been Reiterated by research analysts Barclays Capital; GBX 485.00 Target in Place

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Hunting PLC (LON:HTG) Rating Reaffirmed

Barclays Capital now has a GBX 485.00 Estimated Target Price on shares of Hunting PLC (LON:HTG). The Estimated Target Price could mean a potential upside of 44.56% from the close price of Hunting PLC (LON:HTG). This rating was announced in a comprehensive report on 27 November.

From a total of 11 analysts covering Hunting PLC (LON:HTG) stock, 2 rate it a ”Buy”, 3 a “Sell”, and 6 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is GBX 620 while the lowest target price is GBX 325. The mean of all analyst targets is GBX 418.85 with a 23.81% above today’s (GBX 338.3) stock price. Hunting PLC was the topic of 38 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on November 18 to “Conviction Buy” rating. JP Morgan maintained shares with “Underweight” rating and GBX 338 target share price in a report from a November 4. UBS maintained HTG stock in a recent report from November 4 with “Neutral” rating. J.P. Morgan maintained the rating on November 3. J.P. Morgan has a “Underweight” rating and a GBX 338 price target on shares. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a November 4.

Approximately 25,363 shares of stock traded hands. Hunting plc (LON:HTG) has declined 41.93% since April 30, 2015 and is downtrending. It has underperformed by 40.57% the S&P500.

Reaffirmed: Hunting PLC (LON:HTG) Equal weight Rating Has Been Reiterated by research analysts Barclays Capital; GBX 485.00 Target in Place

Hunting PLC is a holding company. The Company’s subsidiaries manufacture and distribute products that enable the extraction of gas and oil. The company has a market cap of 504.40 million GBP. The Company’s divisions include Well Construction, Well Completion, Well Intervention and The Exploration and Production segment. It currently has negative earnings. The Well Construction segment provides services and products used for the drilling phase of gas and oil wells, and 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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