Ratings Don’t Lie: Hunting PLC (LON:HTG) Hit With Upgrade by Credit Suisse, Is The Stock a Buy?

November 23, 2016 - By Ellis Scott

Hunting PLC (LON:HTG) Upgrade

In a a report issued to clients on 23 November, Credit Suisse has boosted Hunting PLC (LON:HTG) stock to a Outperform and has set an estimated 12-month PT at GBX 575.00. Credit Suisse’s target is 5.41% from HTG’s last price.

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 -26.00% below today’s (GBX 545.5) stock price. Hunting PLC has been the topic of 92 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, September 6 by Deutsche Bank. The stock of Hunting plc (LON:HTG) has “Hold” rating given on Thursday, September 3 by HSBC. The stock has “Conviction Buy” rating given by Goldman Sachs on Wednesday, November 18. The firm has “Equal Weight” rating given on Wednesday, November 4 by Barclays Capital. JP Morgan maintained Hunting plc (LON:HTG) on Tuesday, September 6 with “Neutral” rating. Nomura maintained Hunting plc (LON:HTG) on Monday, April 11 with “Neutral” rating. Canaccord Genuity maintained the shares of HTG in a report on Monday, July 27 with “Sell” rating. The stock has “Buy” rating given by Deutsche Bank on Friday, July 22. Nomura maintained it with “Neutral” rating and GBX 390 target price in Thursday, July 23 report. The firm earned “Equal Weight” rating on Thursday, August 20 by Barclays Capital.

About 280,255 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 898.09 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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