Hunting (LON:HTG) Receives “Buy” Rating from Canaccord Genuity Group

Hunting (LON:HTG)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 600 ($7.34) price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 73.91% from the company’s previous close.

Separately, Berenberg Bank increased their price target on shares of Hunting from GBX 460 ($5.63) to GBX 480 ($5.87) and gave the stock a “buy” rating in a report on Tuesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 518 ($6.34).

Hunting Stock Performance

LON HTG traded up GBX 38 ($0.47) during trading on Tuesday, hitting GBX 345 ($4.22). 1,417,114 shares of the company’s stock traded hands, compared to its average volume of 1,083,569. The stock has a market capitalization of £546.31 million, a price-to-earnings ratio of 575.00, a PEG ratio of 1.06 and a beta of 1.07. Hunting has a 12-month low of GBX 278 ($3.40) and a 12-month high of GBX 465.37 ($5.69). The company has a debt-to-equity ratio of 11.60, a quick ratio of 2.08 and a current ratio of 2.69. The business has a 50 day moving average of GBX 301.12 and a 200-day moving average of GBX 366.09.

Insider Activity

In other Hunting news, insider Paula Harris purchased 3,300 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average cost of GBX 304 ($3.72) per share, with a total value of £10,032 ($12,276.06). Corporate insiders own 18.20% of the company’s stock.

About Hunting

Located in 11 countries across four continents, we manufacture components, technology systems and precision parts globally.

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.