Hunting (LON:HTG) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Hunting (LON:HTG) in a research report report published on Friday,London Stock Exchange reports. Canaccord Genuity Group currently has a GBX 600 price target on the stock.

Separately, Berenberg Bank cut their target price on Hunting from GBX 580 to GBX 550 and set a “buy” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 530.

Hunting Stock Up 0.7%

Shares of LON:HTG opened at GBX 408 on Friday. The company has a debt-to-equity ratio of 16.50, a quick ratio of 2.08 and a current ratio of 3.15. Hunting has a 52-week low of GBX 300 and a 52-week high of GBX 553. The business’s 50 day simple moving average is GBX 457.76 and its two-hundred day simple moving average is GBX 479.88. The firm has a market cap of £594.31 million, a P/E ratio of 16.59, a PEG ratio of 1.06 and a beta of 0.67.

Insider Buying and Selling at Hunting

In other Hunting news, insider Keith Lough purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average price of GBX 414 per share, with a total value of £12,420. 3.73% of the stock is owned by corporate insiders.

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.