Berenberg Bank Cuts Hunting (LON:HTG) Price Target to GBX 460

Hunting (LON:HTG) had its price target lowered by Berenberg Bank from GBX 520 ($6.75) to GBX 460 ($5.97) in a report published on Tuesday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 600 ($7.79) price objective on shares of Hunting in a research note on Thursday, August 29th.

Hunting Trading Down 3.3 %

Shares of HTG stock opened at GBX 296.50 ($3.85) on Tuesday. Hunting has a twelve month low of GBX 247 ($3.21) and a twelve month high of GBX 465.37 ($6.04). The stock’s fifty day simple moving average is GBX 396.90 and its 200 day simple moving average is GBX 400.58. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.60. The firm has a market capitalization of £469.51 million, a P/E ratio of 494.17, a P/E/G ratio of 1.06 and a beta of 1.07.

Hunting Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This is an increase from Hunting’s previous dividend of $0.05. This represents a yield of 0.97%. Hunting’s payout ratio is presently 1,333.33%.

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.