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

Hunting (LON:HTG)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 600 price objective on the stock. Canaccord Genuity Group‘s price objective points to a potential upside of 58.94% from the company’s current price.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 550 price target on shares of Hunting in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Hunting currently has an average rating of “Moderate Buy” and a consensus target price of GBX 512.50.

Hunting Price Performance

Hunting stock opened at GBX 377.50 on Wednesday. The stock’s 50 day moving average is GBX 404.16 and its 200 day moving average is GBX 456.59. Hunting has a one year low of GBX 332.50 and a one year high of GBX 553. The firm has a market cap of £547.31 million, a P/E ratio of 13.73, a P/E/G ratio of 1.06 and a beta of 0.69. The company has a debt-to-equity ratio of 16.50, a current ratio of 3.15 and a quick ratio of 2.08.

Insider Buying and Selling

In other news, insider Keith Lough bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average cost of GBX 414 per share, for a total transaction of £12,420. Also, insider Paula Harris acquired 7,300 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of GBX 392 per share, for a total transaction of £28,616. 3.75% of the stock is owned by corporate 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.