Hunting (LON:HTG) Given “Buy” Rating at Canaccord Genuity Group

Hunting (LON:HTG)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 600 price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 47.78% from the stock’s previous close.

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

Hunting Stock Performance

HTG stock opened at GBX 406 on Friday. The company has a debt-to-equity ratio of 16.50, a current ratio of 3.15 and a quick ratio of 2.08. The business 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 market capitalization of £591.39 million, a P/E ratio of 16.50, a PEG ratio of 1.06 and a beta of 0.67. Hunting has a 1-year low of GBX 300 and a 1-year high of GBX 553.

Insider Buying and Selling

In other news, insider Keith Lough bought 3,000 shares of the stock in a transaction on Friday, August 21st. The stock was bought at an average cost of GBX 414 per share, for a total transaction of £12,420. 3.73% of the stock is owned by 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.