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

Hunting (LON:HTG)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 600 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 31.15% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 580 price objective on shares of Hunting in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 400 price objective on shares of Hunting in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Hunting presently has an average rating of “Moderate Buy” and an average target price of GBX 536.

Hunting Stock Performance

Shares of HTG opened at GBX 457.50 on Wednesday. The firm has a market cap of £667.25 million, a price-to-earnings ratio of 18.60, a PEG ratio of 1.06 and a beta of 0.67. The business’s 50 day moving average is GBX 470.08 and its two-hundred day moving average is GBX 470.23. The company has a quick ratio of 2.08, a current ratio of 2.97 and a debt-to-equity ratio of 13.38. Hunting has a 52-week low of GBX 288.50 and a 52-week high of GBX 553.

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.