Canaccord Genuity Group Reiterates “Buy” Rating for Flowtech Fluidpower (LON:FLO)

Flowtech Fluidpower (LON:FLO)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research note issued on Thursday, Marketbeat.com reports. They currently have a GBX 130 ($1.61) price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 88.41% from the stock’s current price.

Flowtech Fluidpower Stock Performance

LON FLO opened at GBX 69 ($0.86) on Thursday. The stock has a fifty day simple moving average of GBX 77.58 and a 200-day simple moving average of GBX 94.49. The company has a current ratio of 2.91, a quick ratio of 1.04 and a debt-to-equity ratio of 35.90. The stock has a market cap of £43.66 million, a PE ratio of -300.00 and a beta of 1.04. Flowtech Fluidpower has a twelve month low of GBX 66.80 ($0.83) and a twelve month high of GBX 122 ($1.51).

About Flowtech Fluidpower

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.