Canaccord Genuity Group Reaffirms “Buy” Rating for Hunting (LON:HTG)

Hunting (LON:HTG)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 600 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 19.00% from the stock’s current price.

Several other brokerages have also recently weighed in on HTG. Berenberg Bank upped their price target on Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada lifted their price target on Hunting from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 536.

Hunting Stock Performance

Shares of HTG traded down GBX 6.78 on Thursday, reaching GBX 504.22. 1,107,325 shares of the company’s stock traded hands, compared to its average volume of 1,841,849. The company has a current ratio of 2.79, a quick ratio of 2.08 and a debt-to-equity ratio of 14.98. The stock has a market cap of £749.19 million, a PE ratio of -23.78, a PEG ratio of 1.06 and a beta of 0.69. Hunting has a 52-week low of GBX 245 and a 52-week high of GBX 553. The stock’s 50 day simple moving average is GBX 446.36 and its two-hundred day simple moving average is GBX 381.25.

Insider Transactions at Hunting

In related news, insider Margaret Amos purchased 5,136 shares of Hunting stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average cost of GBX 387 per share, for a total transaction of £19,876.32. Also, insider Stuart Brightman acquired 20,000 shares of the stock in a transaction on Friday, December 12th. The stock was bought at an average price of GBX 388 per share, with a total value of £77,600. 3.36% of the stock is currently owned by company insiders.

About Hunting

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.