Hunting (HTG) Sets New 52-Week High at $777.00

Hunting plc (LON:HTG)’s share price hit a new 52-week high on Friday . The stock traded as high as GBX 777 ($10.98) and last traded at GBX 766.50 ($10.83), with a volume of 746936 shares traded. The stock had previously closed at GBX 729.50 ($10.31).

Several equities analysts recently weighed in on the stock. Credit Suisse Group increased their price target on shares of Hunting from GBX 700 ($9.89) to GBX 750 ($10.60) and gave the stock an “outperform” rating in a report on Monday, March 12th. Numis Securities raised their price objective on Hunting from GBX 816 ($11.53) to GBX 848 ($11.99) and gave the company a “buy” rating in a report on Monday, March 5th. Deutsche Bank restated a “hold” rating on shares of Hunting in a report on Friday, April 6th. Morgan Stanley raised their price objective on Hunting from GBX 860 ($12.16) to GBX 880 ($12.44) and gave the company an “overweight” rating in a report on Friday, March 2nd. Finally, Kepler Capital Markets raised their price objective on Hunting from GBX 710 ($10.04) to GBX 740 ($10.46) and gave the company a “buy” rating in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 705.94 ($9.98).

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About Hunting

Hunting PLC is an international energy services provider to upstream oil and gas companies. The Company’s segments include Well Construction, Well Completion, Well Intervention, and Exploration and Production. The Well Construction segment provides products and services used by customers during the drilling phase of oil and gas wells, along with associated equipment used by the underground construction industry for telecommunication infrastructure build-out and precision machining services for the energy, aviation and power generation sectors.

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