Canaccord Genuity Group Reaffirms Buy Rating for Flowtech Fluidpower (LON:FLO)

Flowtech Fluidpower (LON:FLO)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report released on Tuesday, London Stock Exchange reports. They presently have a GBX 100 price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 49.25% from the stock’s current price.

Flowtech Fluidpower Price Performance

Shares of LON:FLO opened at GBX 67 on Tuesday. The company has a debt-to-equity ratio of 72.79, a quick ratio of 1.04 and a current ratio of 2.11. The firm has a market cap of £54.56 million, a price-to-earnings ratio of -12.79 and a beta of 0.56. The business has a 50-day simple moving average of GBX 63.54 and a two-hundred day simple moving average of GBX 54.72. Flowtech Fluidpower has a fifty-two week low of GBX 41 and a fifty-two week high of GBX 77.

About Flowtech Fluidpower

Flowtech are the leading specialist Hydraulics, Pneumatics and Process engineering solutions provider across the UK, Ireland and the Benelux. We’ve built a strong brand reputation based on engineering excellence, with the ability to supply superior products, a suite of engineering services, and play a vital role in the delivery of major engineering projects from a range of key industries.

https://www.flowtech.co.uk