Hunting (LON:HTG) Stock Keeps "Buy" Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group reaffirmed a “Buy” rating on Hunting and set a GBX 600 price target, implying 58.94% upside from the current price. Berenberg Bank also maintained a “Buy” rating with a GBX 550 target.
• Hunting shares opened at GBX 377.50 and are down 11.3%, while analysts maintain a consensus “Moderate Buy” rating and an average price target of GBX 512.50.
• Insiders recently purchased shares, including Paula Harris’s £28,616 purchase and Keith Lough’s £12,420 purchase; insiders collectively own 3.75% of the company.

Hunting (LON:HTG - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 600 price target on the stock. Canaccord Genuity Group's price target suggests a potential upside of 58.94% from the company's current price.

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 550 target price on shares of Hunting in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 512.50.

Hunting Stock Down 11.3%

Shares of HTG opened at GBX 377.50 on Wednesday. The company has a debt-to-equity ratio of 16.50, a quick ratio of 2.08 and a current ratio of 3.15. Hunting has a 52 week low of GBX 332.50 and a 52 week high of GBX 553. The stock has a market capitalization of £547.31 million, a price-to-earnings ratio of 13.73, a PEG ratio of 1.06 and a beta of 0.69. The stock has a fifty day moving average of GBX 404.16 and a 200-day moving average of GBX 456.59.

Insider Activity at Hunting

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

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.

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