Flowtech Fluidpower (LON:FLO) Receives “Buy” Rating from Canaccord Genuity Group

Flowtech Fluidpower (LON:FLO)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a report issued on Tuesday, London Stock Exchange reports. They presently have a GBX 100 price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 49.25% from the company’s current price.

Flowtech Fluidpower Price Performance

LON FLO opened at GBX 67 on Tuesday. The company has a 50-day moving average price of GBX 63.54 and a 200-day moving average price of GBX 54.72. Flowtech Fluidpower has a 52 week low of GBX 41 and a 52 week high of GBX 77. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 72.79. The firm has a market capitalization of £54.56 million, a P/E ratio of -12.79 and a beta of 0.56.

Flowtech Fluidpower Company Profile

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