Market Rating: Hunting (LON:HTG) Is a Stock Credit Suisse Is Confident In; Firm Upgrades It

November 23, 2016 - By Peter Kolinski

Hunting (LON:HTG) Upgrade

Trading of Hunting (LON:HTG)‘s shares is going to be interesting today, as Credit Suisse upgraded the stock to a Outperform. Along the rating upgrade, Credit Suisse analysts gave a TP of GBX 575.00 or 7.48% more.

Hunting plc (LON:HTG) Ratings Coverage

Out of 16 analysts covering Hunting PLC (LON:HTG), 5 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 31% are positive. GBX 654.90 is the highest target while GBX 225 is the lowest. The GBX 403.68 average target is -22.81% below today’s (GBX 523) stock price. Hunting PLC has been the topic of 92 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Monday, July 27 the stock rating was maintained by Canaccord Genuity with “Sell”. The firm has “Underweight” rating given on Friday, February 5 by JP Morgan. As per Thursday, August 13, the company rating was maintained by Deutsche Bank. The stock of Hunting plc (LON:HTG) earned “Buy” rating by Deutsche Bank on Wednesday, November 4. The firm has “Neutral” rating by UBS given on Wednesday, November 4. The firm earned “Outperform” rating on Wednesday, November 23 by Credit Suisse. Deutsche Bank maintained it with “Buy” rating and GBX 560 target price in Thursday, September 1 report. The company was maintained on Monday, April 25 by Liberum Capital. Goldman Sachs maintained the shares of HTG in a report on Friday, September 11 with “Buy” rating. Goldman Sachs maintained the shares of HTG in a report on Monday, September 14 with “Buy” rating.

About 432,059 shares traded hands. Hunting plc (LON:HTG) has risen 40.29% since April 25, 2016 and is uptrending. It has outperformed by 34.96% the S&P500.

Hunting PLC is an international energy services well-known provider to upstream gas and oil companies. The company has a market cap of 861.04 million GBP. The Company’s divisions include Well Construction, Well Completion, Well Intervention, and Exploration and Production. It currently has negative earnings. The Well Construction segment provides services and products used by clients for the drilling phase of gas and oil 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.

More recent Hunting plc (LON:HTG) news were published by: Fool.Co.Uk which released: “Hunting plc: The One Stock I Would Buy For 2015” on December 29, 2014. Also Fool.Co.Uk published the news titled: “Does Hunting plc’s profit warning spell good news for BP plc and Royal Dutch …” on May 17, 2016. Fool.Co.Uk‘s news article titled: “Why Petrofac Limited, Hunting plc & John Wood Group PLC Are Attractive Right Now” with publication date: January 07, 2016 was also an interesting one.

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