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

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

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

Hunting Price Performance

LON HTG traded up GBX 5.50 ($0.07) during mid-day trading on Wednesday, hitting GBX 318.50 ($4.33). The stock had a trading volume of 355,579 shares, compared to its average volume of 635,263. The firm's 50 day moving average is GBX 270.43 and its 200 day moving average is GBX 292.51. Hunting has a twelve month low of GBX 245 ($3.33) and a twelve month high of GBX 464 ($6.31). The company has a debt-to-equity ratio of 11.64, a current ratio of 2.69 and a quick ratio of 2.08. The stock has a market capitalization of £653.08 million, a price-to-earnings ratio of 5.31, a PEG ratio of 1.06 and a beta of 1.07.

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.