Canaccord Genuity Group Reaffirms "Buy" Rating for Hunting (LON:HTG)

Canaccord Genuity Group reiterated their buy rating on shares of Hunting (LON:HTG - Free Report) in a report published on Wednesday, Marketbeat reports. The brokerage currently has a GBX 600 ($8.15) price target on the stock.

Separately, Berenberg Bank reduced their target price on shares of Hunting from GBX 490 ($6.66) to GBX 480 ($6.52) and set a "buy" rating on the stock in a research note on Wednesday, April 16th.

Hunting Price Performance

Hunting stock traded up GBX 5.50 ($0.07) during mid-day trading on Wednesday, reaching GBX 318.50 ($4.33). 355,579 shares of the company's stock traded hands, compared to its average volume of 635,263. Hunting has a 12-month low of GBX 245 ($3.33) and a 12-month high of GBX 464 ($6.30). The company has a market cap of £653.08 million, a price-to-earnings ratio of 5.31, a PEG ratio of 1.06 and a beta of 1.07. The company has a quick ratio of 2.08, a current ratio of 2.69 and a debt-to-equity ratio of 11.64. The stock has a 50 day moving average of GBX 271.70 and a two-hundred day moving average of GBX 292.71.

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.