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

Flowtech Fluidpower (LON:FLO)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 100 price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 121.56% from the stock’s previous close.

Flowtech Fluidpower Trading Down 1.9%

FLO opened at GBX 45.14 on Tuesday. The business’s 50-day simple moving average is GBX 53.41 and its 200-day simple moving average is GBX 57.40. The company has a market cap of £36.76 million, a P/E ratio of -1.05 and a beta of 0.35. Flowtech Fluidpower has a one year low of GBX 41 and a one year high of GBX 77. The company has a debt-to-equity ratio of 63.25, a quick ratio of 1.04 and a current ratio of 2.45.

Insider Buying and Selling at Flowtech Fluidpower

In related news, insider Ailsa Webb bought 13,208 shares of the stock in a transaction dated Monday, February 9th. The stock was acquired at an average price of GBX 53 per share, for a total transaction of £7,000.24. Also, insider Mike England bought 16,228 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average cost of GBX 53 per share, for a total transaction of £8,600.84. In the last ninety days, insiders have bought 412,971 shares of company stock worth $21,887,463. 3.91% of the stock is owned by insiders.

About Flowtech Fluidpower

Flowtech are the leading specialist Hydraulics, Pneumatics and Process engineering solutions provider across the UK, Ireland and the Benelux. We’ve built a strong brand reputation based on engineering excellence, with the ability to supply superior products, a suite of engineering services, and play a vital role in the delivery of major engineering projects from a range of key industries.

https://www.flowtech.co.uk