Canaccord Genuity Group Cuts Hunting (LON:HTG) Price Target to GBX 600

Hunting (LON:HTG) had its price objective trimmed by Canaccord Genuity Group to GBX 600 in a research note released on Thursday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Berenberg Bank decreased their price objective on Hunting from GBX 465 to GBX 450 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 510.

Hunting Trading Down 2.4%

HTG opened at GBX 442 on Thursday. Hunting has a 1-year low of GBX 245 and a 1-year high of GBX 462.50. The stock has a market capitalization of £665.34 million, a PE ratio of -20.85, a PEG 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 firm has a 50-day moving average price of GBX 390.71 and a two-hundred day moving average price of GBX 351.10.

Insider Buying and Selling

In related news, insider Stuart Brightman acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average cost of GBX 388 per share, with a total value of £77,600. Also, insider Catherine Krajicek acquired 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of GBX 350 per share, with a total value of £63,000. Insiders have acquired 45,258 shares of company stock valued at $16,786,088 over the last 90 days. Company insiders own 3.14% of the company’s stock.

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.