Breaking: Hunting (LON:HTG) Outperform Rating Reiterated at Credit Suisse Today; The PT is Set to GBX 950.00

May 17, 2018 - By Paula Hilliard

Hunting plc (LON:HTG) Logo

Hunting (LON:HTG) Rating Reaffirmed

They currently have a GBX 950.00 TP on Hunting (LON:HTG). The target price by Credit Suisse would suggest a potential upside of 5.38 % from the company’s current stock price. This has been revealed to clients and investors in a note on Thursday morning.

Hunting plc (LON:HTG) Ratings Coverage

Among 11 analysts covering Hunting PLC (LON:HTG), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Hunting PLC has GBX 1230 highest and GBX 591 lowest target. GBX 783.75’s average target is -13.87% below currents GBX 910 stock price. Hunting PLC had 23 analyst reports since November 20, 2017 according to SRatingsIntel. The rating was maintained by Kepler Cheuvreux on Friday, January 19 with “Buy”. The firm has “Outperform” rating given on Friday, May 4 by Credit Suisse. The firm has “Outperform” rating given on Wednesday, February 21 by Credit Suisse. The company was maintained on Wednesday, March 7 by RBC Capital Markets. The firm has “Buy” rating given on Monday, March 5 by Numis Securities. The rating was maintained by Credit Suisse on Thursday, January 11 with “Outperform”. Deutsche Bank maintained the stock with “Hold” rating in Friday, April 6 report. Goldman Sachs maintained the shares of HTG in report on Thursday, February 1 with “Buy” rating. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, January 10. Morgan Stanley upgraded it to “Overweight” rating and GBX 860 target in Tuesday, January 16 report.

The stock increased 0.17% or GBX 1.5 during the last trading session, reaching GBX 910. About 587,843 shares traded. Hunting plc (LON:HTG) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Hunting PLC manufactures, supplies, and distributes products that enable the extraction of gas and oil to upstream gas and oil companies worldwide. The company has market cap of 1.50 billion GBP. The firm operates through Well Construction, Well Completion, Well Intervention, and Exploration and Production divisions. It currently has negative earnings. The Well Construction segment provides services and products for the drilling phase of gas and oil wells, as well as associated equipment used in the underground construction industry for telecommunication infrastructure build-out.

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