Canaccord Genuity Group Has Lowered Expectations for Hunting (LON:HTG) Stock Price

Hunting (LON:HTG) had its price objective lowered by equities researchers at Canaccord Genuity Group from GBX 6,000 to GBX 600 in a research report issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 32.89% from the company’s previous close.

HTG has been the subject of a number of other reports. Berenberg Bank decreased their price target on Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Royal Bank Of Canada lifted 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. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Hunting presently has a consensus rating of “Buy” and a consensus price target of GBX 510.

Hunting Trading Up 2.5%

LON:HTG traded up GBX 11 during mid-day trading on Thursday, hitting GBX 451.50. 336,183 shares of the stock traded hands, compared to its average volume of 1,598,367. 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 52 week low of GBX 245 and a 52 week high of GBX 462.50. The stock has a market capitalization of £679.64 million, a price-to-earnings ratio of -21.30, a PEG ratio of 1.06 and a beta of 1.07. The firm’s 50 day moving average is GBX 387.36 and its two-hundred day moving average is GBX 349.33.

Insider Transactions at Hunting

In other news, insider Margaret Amos acquired 5,136 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of GBX 387 per share, for a total transaction of £19,876.32. Also, insider Catherine Krajicek acquired 18,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of GBX 350 per share, with a total value of £63,000. Over the last three months, insiders have bought 45,258 shares of company stock valued at $16,786,088. Insiders own 3.14% of the company’s stock.

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.