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

Hunting (LON:HTG)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report issued on Thursday,Digital Look reports. They presently have a GBX 600 ($7.73) price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 113.69% from the company’s previous close.

Separately, Berenberg Bank lifted their price target on shares of Hunting from GBX 460 ($5.93) to GBX 480 ($6.19) and gave the company a “buy” rating in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 518 ($6.68).

Hunting Stock Performance

Shares of LON HTG opened at GBX 280.78 ($3.62) on Thursday. The firm has a fifty day moving average price of GBX 326.59 and a 200-day moving average price of GBX 344.51. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08. The stock has a market cap of £575.74 million, a PE ratio of 4.68, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. Hunting has a 1 year low of GBX 277 ($3.57) and a 1 year high of GBX 465.37 ($6.00).

Hunting Company Profile

Located in 11 countries across four continents, we manufacture components, technology systems and precision parts globally.

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.