Hunting’s (HTG) Buy Rating Reiterated at Canaccord Genuity Group

Hunting (LON:HTG)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 600 price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 47.78% from the company’s current price.

Separately, Berenberg Bank decreased their price target on Hunting from GBX 580 to GBX 550 and set a “buy” rating for the company in a report on Friday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 530.

Hunting Stock Up 0.2%

Hunting stock opened at GBX 406 on Friday. The firm has a market cap of £591.39 million, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67. Hunting has a 52 week low of GBX 300 and a 52 week high of GBX 553. The business’s 50-day moving average price is GBX 457.76 and its 200 day moving average price is GBX 479.88. The company has a quick ratio of 2.08, a current ratio of 3.15 and a debt-to-equity ratio of 16.50.

Insiders Place Their Bets

In other news, insider Keith Lough acquired 3,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of GBX 414 per share, for a total transaction of £12,420. Insiders own 3.73% 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.