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

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

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

Hunting Stock Performance

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

Insider Transactions at Hunting

In related news, insider Paula Harris acquired 3,300 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was bought at an average cost of GBX 304 ($3.72) per share, with a total value of £10,032 ($12,276.06). 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.