Hunting (LON:HTG) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Hunting (LON:HTG) in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 400 ($4.98) target price on the stock.

Several other research analysts have also recently commented on the stock. Canaccord Genuity Group raised their target price on shares of Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the stock a buy rating in a report on Friday, March 1st. Berenberg Bank raised their target price on shares of Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the stock a buy rating in a report on Wednesday, January 10th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of GBX 407 ($5.07).

Hunting Stock Up 1.4 %

Shares of HTG opened at GBX 359 ($4.47) on Thursday. Hunting has a 12 month low of GBX 190 ($2.37) and a 12 month high of GBX 369.50 ($4.60). The firm’s 50 day moving average is GBX 321.90 and its 200-day moving average is GBX 300.04. The stock has a market capitalization of £592.13 million, a PE ratio of 652.73, a P/E/G ratio of 1.06 and a beta of 1.10. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 8.24.

Hunting Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be paid a $0.05 dividend. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.18%. Hunting’s dividend payout ratio (DPR) is 1,454.55%.

Insider Activity at Hunting

In related news, insider Bruce Ferguson sold 28,960 shares of Hunting stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.77), for a total value of £87,748.80 ($109,235.40). 7.40% of the stock is currently owned by insiders.

About Hunting

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.