Hunting (LON:HTG – Free Report) had its price target cut by Berenberg Bank from GBX 520 ($6.75) to GBX 460 ($5.97) in a report published on Tuesday morning, Digital Look reports. They currently have a buy rating on the stock.
Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 600 ($7.79) price target on shares of Hunting in a report on Thursday, August 29th.
Check Out Our Latest Stock Report on Hunting
Hunting Price Performance
Hunting Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd will be paid a $0.06 dividend. This represents a yield of 0.97%. This is a positive change from Hunting’s previous dividend of $0.05. The ex-dividend date of this dividend 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.
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