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

Hunting (LON:HTG)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 600 ($7.75) price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 103.05% from the stock’s previous close.

Separately, Berenberg Bank raised their target price on Hunting from GBX 460 ($5.95) to GBX 480 ($6.20) and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 520 ($6.72).

Hunting Stock Up 3.1 %

LON HTG opened at GBX 295.50 ($3.82) on Thursday. Hunting has a one year low of GBX 277 ($3.58) and a one year high of GBX 465.37 ($6.01). The company has a market cap of £605.92 million, a P/E ratio of 4.93, a P/E/G ratio of 1.06 and a beta of 1.07. The business has a fifty day moving average price of GBX 327.12 and a 200 day moving average price of GBX 342.64. The company has a debt-to-equity ratio of 11.64, a quick ratio of 2.08 and a current ratio of 2.69.

Hunting Company Profile

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.