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

Hunting (LON:HTG)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a report issued on Thursday, Marketbeat.com reports. They presently have a GBX 600 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 19.00% from the stock’s previous close.

HTG has been the topic of several other research reports. Berenberg Bank lifted their price target on shares of Hunting from GBX 450 to GBX 580 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada upped their price objective on Hunting from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 536.

Hunting Stock Down 1.3%

HTG stock traded down GBX 6.78 during midday trading on Thursday, hitting GBX 504.22. The company’s stock had a trading volume of 1,107,325 shares, compared to its average volume of 1,841,849. Hunting has a 12 month low of GBX 245 and a 12 month high of GBX 553. The firm’s 50-day moving average is GBX 446.36 and its 200-day moving average is GBX 381.25. 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 company has a market cap of £749.19 million, a PE ratio of -23.78, a P/E/G ratio of 1.06 and a beta of 0.69.

Insiders Place Their Bets

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