Canaccord Genuity Group Reiterates Buy Rating for Hunting (LON:HTG)

Hunting (LON:HTG)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a report released on Wednesday, Marketbeat Ratings reports. They presently have a GBX 600 ($7.96) price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 134.83% from the company’s previous close.

Separately, Berenberg Bank lowered their price target on shares of Hunting from GBX 490 ($6.50) to GBX 480 ($6.37) and set a “buy” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hunting has a consensus rating of “Buy” and an average price target of GBX 518 ($6.87).

Hunting Price Performance

Shares of HTG opened at GBX 255.50 ($3.39) on Wednesday. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64. Hunting has a twelve month low of GBX 245 ($3.25) and a twelve month high of GBX 465.37 ($6.17). The stock has a market capitalization of £523.90 million, a P/E ratio of 4.26, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a 50 day moving average of GBX 295.94 and a 200-day moving average of GBX 314.29.

Insider Buying and Selling at Hunting

In other news, insider Arthur James Johnson sold 470,771 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of GBX 295 ($3.91), for a total value of £1,388,774.45 ($1,842,609.06). Corporate insiders own 18.20% of the company’s stock.

About Hunting

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.