Hunting (LON:HTG) Price Target Lowered to GBX 600 at Canaccord Genuity Group

Hunting (LON:HTG) had its target price reduced by investment analysts at Canaccord Genuity Group from GBX 6,000 to GBX 600 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 32.89% from the company’s current price.

Several other brokerages have also recently weighed in on HTG. Royal Bank Of Canada lifted their price target on shares of Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Berenberg Bank lowered their target price on Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 510.

Hunting Stock Performance

Shares of HTG traded up GBX 11 on Thursday, reaching GBX 451.50. The company’s stock had a trading volume of 336,183 shares, compared to its average volume of 1,598,367. The stock’s 50 day simple moving average is GBX 387.36 and its two-hundred day simple moving average is GBX 349.33. 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 capitalization of £679.64 million, a P/E ratio of -21.30, a PEG ratio of 1.06 and a beta of 1.07. Hunting has a 12-month low of GBX 245 and a 12-month high of GBX 462.50.

Insiders Place Their Bets

In related news, insider Catherine Krajicek purchased 18,000 shares of Hunting stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of GBX 350 per share, for a total transaction of £63,000. Also, insider Stuart Brightman acquired 20,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were bought at an average cost of GBX 388 per share, with a total value of £77,600. Over the last quarter, insiders have acquired 45,258 shares of company stock valued at $16,786,088. 3.14% of the stock is owned by company insiders.

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.