Hunting’s (HTG) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Hunting (LON:HTG) in a research report released on Wednesday,Digital Look reports. The brokerage currently has a GBX 600 price target on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 550 price target on shares of Hunting in a report on Wednesday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 510.

Hunting Trading Down 2.7%

HTG opened at GBX 375.50 on Wednesday. The firm has a market capitalization of £544.41 million, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 1.06 and a beta of 0.69. The company’s 50 day simple moving average is GBX 398.18 and its two-hundred day simple moving average is GBX 456.46. Hunting has a 1-year low of GBX 338 and a 1-year high of GBX 553. The company has a debt-to-equity ratio of 16.50, a current ratio of 3.15 and a quick ratio of 2.08.

Insider Buying and Selling

In other news, insider Keith Lough purchased 3,000 shares of Hunting stock in a transaction dated Friday, August 21st. The shares were purchased at an average price of GBX 414 per share, with a total value of £12,420. Also, insider Paula Harris acquired 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average price of GBX 392 per share, for a total transaction of £28,616. 3.75% of the stock is owned by company insiders.

Hunting Company Profile

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

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.