Canaccord Genuity Group Reaffirms “Buy” Rating for Hunting (LON:HTG)

Hunting (LON:HTG)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a research report issued on Thursday, Marketbeat reports. They presently have a GBX 600 price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 17.88% from the stock’s previous close.

A number of other brokerages have also recently weighed in on HTG. Berenberg Bank raised their price target on Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 536.

Hunting Stock Performance

LON HTG opened at GBX 509 on Thursday. The business has a 50 day moving average price of GBX 452.16 and a 200 day moving average price of GBX 383.57. The company has a market capitalization of £756.29 million, a P/E ratio of -24.01, a PEG ratio of 1.06 and a beta of 0.74. Hunting has a 1-year low of GBX 245 and a 1-year high of GBX 553. The company has a debt-to-equity ratio of 13.38, a current ratio of 2.97 and a quick ratio of 2.08.

Hunting announced that its Board of Directors has approved a share repurchase plan on Thursday, March 5th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Margaret Amos acquired 5,136 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average price of GBX 387 per share, with a total value of £19,876.32. Also, insider Stuart Brightman acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average price of GBX 388 per share, with a total value of £77,600. Insiders own 3.36% of the company’s stock.

Trending Headlines about Hunting

Here are the key news stories impacting Hunting this week:

• Positive Sentiment: Board-approved $40m share repurchase program allowing purchases of up to ~5.3% of shares — signals management thinks the stock is undervalued and supports EPS/ROE. Article Link
• Positive Sentiment: Company cancelled recently repurchased shares and updated voting rights, effectively reducing outstanding shares and increasing per-share metrics for remaining shareholders. Article Link
• Positive Sentiment: Broker support strengthened: Canaccord reaffirmed a “buy” with a GBX 600 target and Berenberg raised its target from GBX 450 to GBX 580 — analyst upgrades/targets can attract buyers and validate management actions. Article Link
• Positive Sentiment: Management reports a 7% rise in EBITDA to $135.7m, is accelerating its Hunting 2030 cost-reduction plan, and prioritising capital allocation (including the buyback and further cost cuts) — fundamentals improvement and clearer shareholder-return focus. Article Link
• Neutral Sentiment: Hunting maintained 2026 guidance despite a decline in the order book — guidance stability is reassuring, but the weaker book is a caution for future revenue visibility. Article Link
• Neutral Sentiment: Full-year results for the year ended 31 Dec 2025 were published (see release for detail) — investors will parse margins, cash flow and order trends for guidance confirmation. Article Link
• Neutral Sentiment: Market previews and analyst notes on Q4/2025 results aim to set expectations ahead of detailed earnings commentary. Article Link
• Negative Sentiment: A technical note flagged that HTG has moved above its 200-day moving average, prompting commentary about whether it’s time to sell — such technical debates can create short-term volatility. Article Link

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.