Hunting (LON:HTG) Earns “Buy” Rating from Canaccord Genuity Group

Hunting (LON:HTG)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 600 target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 47.06% from the company’s previous close.

Separately, Berenberg Bank dropped their price objective on Hunting from GBX 580 to GBX 550 and set a “buy” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 530.

Hunting Stock Up 0.7%

Hunting stock opened at GBX 408 on Friday. The firm has a 50 day moving average price of GBX 457.76 and a 200-day moving average price of 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. Hunting has a twelve month low of GBX 300 and a twelve month high of GBX 553. The company has a market capitalization of £594.31 million, a P/E ratio of 16.59, a P/E/G ratio of 1.06 and a beta of 0.67.

Insider Buying and Selling

In other Hunting news, insider Keith Lough acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average cost of GBX 414 per share, with a total value of £12,420. Company 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.