Shares of Hunting plc (LON:HTG) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 512.50 ($6.70) and last traded at GBX 513 ($6.70), with a volume of 481337 shares trading hands. The stock had previously closed at GBX 545 ($7.12).
A number of brokerages have recently issued reports on HTG. Barclays reaffirmed an “overweight” rating on shares of Hunting in a report on Friday, August 31st. UBS Group raised their price target 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 raised their price target 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. Canaccord Genuity raised shares of Hunting to a “buy” rating and dropped their price target for the company from GBX 850 ($11.11) to GBX 775 ($10.13) in a report on Thursday, November 8th. Finally, Numis Securities raised their price target on shares of Hunting from GBX 848 ($11.08) to GBX 921 ($12.03) and gave the company a “hold” rating in a report on Friday, August 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Hunting presently has a consensus rating of “Hold” and an average target price of GBX 849.18 ($11.10).
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About Hunting (LON:HTG)
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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