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

Hunting (LON:HTG)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Wednesday,Digital Look reports. They presently have a GBX 600 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 22.82% from the stock’s current price.

Several other research firms have also issued reports on HTG. Royal Bank Of Canada boosted their target price on Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Berenberg Bank boosted their target price on Hunting from GBX 450 to GBX 580 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 536.

Hunting Stock Performance

Shares of LON:HTG opened at GBX 488.50 on Wednesday. The stock has a market capitalization of £716.28 million, a P/E ratio of 19.86, a P/E/G ratio of 1.06 and a beta of 0.72. Hunting has a 1-year low of GBX 245 and a 1-year high of GBX 553. The business has a 50-day moving average price of GBX 496.48 and a two-hundred day moving average price of GBX 416.65. The company has a current ratio of 2.97, a quick ratio of 2.08 and a debt-to-equity ratio of 13.38.

Hunting declared that its board has initiated a stock buyback program on Thursday, March 5th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Bruce Ferguson sold 66,154 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 507, for a total transaction of £335,400.78. Insiders own 3.40% of the company’s stock.

More Hunting News

Here are the key news stories impacting Hunting this week:

• Positive Sentiment: Board sets sterling payment rate for the 2025 final dividend — confirms currency and payment details following shareholder approval, supporting income-focused investors and signaling management confidence. Read More.
• Positive Sentiment: Full shareholder backing at the AGM — all 18 resolutions passed, securing key capital authorities and removing near-term governance uncertainty. Read More.
• Positive Sentiment: Q1 trading update: Hunting holds 2026 guidance — reported Q1 EBITDA of $23.2m and a 10% margin; management cites a strong order book and cost reductions as drivers of resilience. This underpins near-term profit visibility. Read More.
• Positive Sentiment: Canaccord reaffirms “buy” with GBX 600 price target — provides bullish broker support and a valuation upside case versus current levels. Read More.
• Negative Sentiment: Jefferies reaffirms “hold” with a GBX 400 price target — a more cautious broker stance and a target materially below the current share price could cap near-term upside. Read More.
• Negative Sentiment: Executive committee member Scott George sold his entire holding (117,990 ordinary shares) — insider selling can raise short-term concern about insider conviction, though reasons for the sale were not provided. Read More.

Hunting Company Profile

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.