Canaccord Genuity Group Reiterates Buy Rating for Hunting (LON:HTG)

Hunting (LON:HTG)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 600 ($7.73) price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 113.69% from the company’s current price.

Separately, Berenberg Bank upped their target price on shares of Hunting from GBX 460 ($5.93) to GBX 480 ($6.19) and gave the company a “buy” rating in a report on Tuesday, January 14th. Five research 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 price target of GBX 518 ($6.68).

Hunting Stock Down 8.5 %

Shares of HTG stock opened at GBX 280.78 ($3.62) on Thursday. Hunting has a 12 month low of GBX 277 ($3.57) and a 12 month high of GBX 465.37 ($6.00). The stock has a market cap of £575.74 million, a P/E ratio of 4.68, a P/E/G ratio of 1.06 and a beta of 1.07. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64. The company has a 50 day simple moving average of GBX 326.59 and a two-hundred day simple moving average of GBX 344.51.

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.