Hunting (LON:HTG) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Hunting (LON:HTG - Free Report) in a research report released on Wednesday, Marketbeat reports. They currently have a GBX 600 ($8.16) price target on the stock.

Separately, Berenberg Bank reduced their price target on shares of Hunting from GBX 490 ($6.66) to GBX 480 ($6.53) and set a "buy" rating for the company in a research report on Wednesday, April 16th.

Hunting Trading Up 4.2%

Shares of LON:HTG traded up GBX 12.50 ($0.17) during mid-day trading on Wednesday, hitting GBX 313 ($4.26). The company had a trading volume of 977,502 shares, compared to its average volume of 637,398. The firm has a fifty day moving average price of GBX 269.30 and a 200 day moving average price of GBX 292.37. The company has a market capitalization of £641.80 million, a PE ratio of 5.22, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08. Hunting has a one year low of GBX 245 ($3.33) and a one year high of GBX 464 ($6.31).

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.