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

Hunting (LON:HTGGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a GBX 600 ($7.69) price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 48.88% from the company’s current price.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 400 ($5.12) target price on shares of Hunting in a research note on Thursday, April 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 510 ($6.53) price target on shares of Hunting in a research report on Monday, June 3rd. Finally, Shore Capital reaffirmed a “buy” rating and set a GBX 510 ($6.53) price target on shares of Hunting in a research report on Wednesday, June 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Hunting currently has a consensus rating of “Buy” and a consensus target price of GBX 473.33 ($6.06).

View Our Latest Research Report on Hunting

Hunting Stock Performance

Shares of HTG stock opened at GBX 403 ($5.16) on Tuesday. The firm has a market capitalization of £664.71 million, a price-to-earnings ratio of 732.73, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 8.24, a current ratio of 2.78 and a quick ratio of 2.08. The business has a fifty day moving average of GBX 409.04 and a 200 day moving average of GBX 347.81. Hunting has a 1 year low of GBX 227 ($2.91) and a 1 year high of GBX 465.37 ($5.96).

Insiders Place Their Bets

In other Hunting news, insider Bruce Ferguson bought 2,292 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of GBX 378 ($4.84) per share, for a total transaction of £8,663.76 ($11,097.43). 18.05% of the stock is owned by insiders.

About Hunting

(Get Free Report)

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.

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