X

Get our occasional Market Report emails

sent straight to your inbox

There’s no charge for this.

Getting latest data loading
X

Request a Call to Trade

In addition to the daily Research emails, I would also like to receive the Accendo Markets Weekly Newsletter and occasional Market Report emails highlighting various trading opportunities.
When you enter your telephone number, we may call or message you occasionally with trading opportunities. You can opt out at any time
Home / Stocks and Markets at Lows / Hunting (HTG.L) 28-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Hunting (HTG.L) 28-01-20

Shares in Hunting (HTG.L) have fallen dramatically from recent highs of 657p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 316.4p (at time of writing). A return to previous highs would represent a rise of 107%.
  • This stock is one of the most significant fallers in the period.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -51% from 12-month highs; +0% from 12 month lows.

Latest News

23 Jan:  Hunting, the energy services company, announced that finance director, Peter Rose, would step down from his role and retire at the end of the AGM on the 15th of April.

21 Jan:  Goldman Sachs reiterates its sell rating on Hunting (HTG) and reduced the target price to 402p (from 420p).

08 Jan:  UBS reiterates its buy rating on Hunting (HTG) and reduced the target price to 510p (from 590p).

18 Dec:  JP Morgan Cazenove reiterates its neutral rating on Hunting (HTG) and reduced the target price to 460p (from 490p).

18 Dec:  Berenberg reiterates its hold rating on Hunting (HTG) and reduced the target price to 450p (from 480p).

18 Dec:  Barclays Capital reiterates its equal weight rating on Hunting (HTG) and reduced the target price to 490p (from 500p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.