Hunting (HTG.L) 27-11-19
Will Hunting (HTG.L) fall beyond the 403p support level, or will we see a retest of 514p? (+27%)
- The stock is near support at 403p, now trading at 404.2p (at time of writing).
- Whilst the past does not always repeat itself, the support level has held up well.
- From here, will buying pressure return to drive the price back to 514p? (+27%).
- As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
- Shares -38% from 12-month highs; +2% from 12 month lows.
Latest News
06 Nov: Jefferies International reiterates its buy rating on Hunting (HTG) and reduced the target price to 520p (from 540p).
05 Nov: Goldman Sachs has downgraded its rating on Hunting (HTG) to sell (from neutral) and reduced the target price to 385p (from 602p).
31 Oct: Berenberg reiterates its hold rating on Hunting (HTG) and reduced the target price to 480p (from 630p).
30 Oct: UBS reiterates its buy rating on Hunting (HTG) and reduced the target price to 590p (from 650p).
30 Oct: Barclays Capital reiterates its equal weight rating on Hunting (HTG) and reduced the target price to 530p (from 550p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires