Flowtech Fluidpower’s (FLO) Buy Rating Reiterated at Canaccord Genuity Group

Flowtech Fluidpower (LON:FLO)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 100 price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 121.56% from the stock’s current price.

Flowtech Fluidpower Stock Performance

Shares of Flowtech Fluidpower stock opened at GBX 45.14 on Tuesday. The firm’s fifty day simple moving average is GBX 53.41 and its 200-day simple moving average is GBX 57.40. Flowtech Fluidpower has a 12 month low of GBX 41 and a 12 month high of GBX 77. The stock has a market capitalization of £36.76 million, a price-to-earnings ratio of -1.05 and a beta of 0.35. The company has a debt-to-equity ratio of 63.25, a current ratio of 2.45 and a quick ratio of 1.04.

Insider Buying and Selling

In other Flowtech Fluidpower news, insider James Brooke bought 64,408 shares of Flowtech Fluidpower stock in a transaction dated Monday, February 9th. The stock was acquired at an average cost of GBX 53 per share, with a total value of £34,136.24. Also, insider Russell Cash bought 12,928 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were acquired at an average price of GBX 53 per share, with a total value of £6,851.84. Insiders acquired a total of 412,971 shares of company stock valued at $21,887,463 in the last quarter. Corporate insiders own 3.91% of the company’s stock.

Flowtech Fluidpower Company Profile

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