Hunting’s (HTG) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Hunting (LON:HTG)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 600 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 26.85% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 580 price target on shares of Hunting in a research report on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 400 price objective on shares of Hunting in a report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 536.

Hunting Stock Up 5.1%

Shares of LON:HTG opened at GBX 473 on Wednesday. The stock has a market cap of £689.86 million, a price-to-earnings ratio of 19.23, a PEG ratio of 1.06 and a beta of 0.67. The company has a quick ratio of 2.08, a current ratio of 2.97 and a debt-to-equity ratio of 13.38. Hunting has a 12-month low of GBX 288.50 and a 12-month high of GBX 553. The business’s 50 day moving average is GBX 471.50 and its 200 day moving average is GBX 468.87.

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.