Hunting (LON:HTG) Given New GBX 460 Price Target at Berenberg Bank

Hunting (LON:HTG) had its price target lowered by Berenberg Bank from GBX 520 ($6.75) to GBX 460 ($5.97) in a research report released on Tuesday morning, Digital Look reports. The brokerage currently has a buy rating on the stock.

Separately, Canaccord Genuity Group restated 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 Stock Down 1.6 %

LON:HTG traded down GBX 5 ($0.06) during trading hours on Tuesday, hitting GBX 306.50 ($3.98). The company’s stock had a trading volume of 1,188,432 shares, compared to its average volume of 530,173. Hunting has a 52-week low of GBX 247 ($3.21) and a 52-week high of GBX 465.37 ($6.04). The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.60. The stock has a market capitalization of £485.34 million, a P/E ratio of 510.83, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The stock has a fifty day moving average of GBX 402.17 and a 200-day moving average of GBX 401.03.

Hunting Increases Dividend

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

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.