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

Jefferies Financial Group reaffirmed their buy rating on shares of Hunting (LON:HTG) in a research note released on Thursday, Marketbeat reports. Jefferies Financial Group currently has a GBX 400 ($4.98) price objective on the stock.

HTG has been the subject of a number of other reports. Berenberg Bank raised their target price on Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the stock a buy rating in a research report on Wednesday, January 10th. Canaccord Genuity Group raised their target price on Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the stock a buy rating in a research report on Friday, March 1st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of GBX 407 ($5.07).

Hunting Stock Performance

Shares of Hunting stock opened at GBX 352.50 ($4.39) on Thursday. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 8.24. The business’s fifty day simple moving average is GBX 320.62 and its 200 day simple moving average is GBX 299.30. Hunting has a 12 month low of GBX 190 ($2.37) and a 12 month high of GBX 369.50 ($4.60). The firm has a market capitalization of £581.41 million, a P/E ratio of 643.64, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10.

Hunting Dividend Announcement

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

Insider Activity

In other news, insider Bruce Ferguson sold 28,960 shares of Hunting stock in a transaction on Friday, March 8th. The stock was 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 owned by company 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.