Hunting’s (HTG) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Hunting (LON:HTG) in a report released on Tuesday, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 600 ($7.33) price objective on the stock.

Separately, Berenberg Bank upped their price objective on shares of Hunting from GBX 460 ($5.62) to GBX 480 ($5.86) and gave the stock a “buy” rating in a research report on Tuesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 518 ($6.32).

Hunting Stock Up 2.5 %

Shares of LON HTG opened at GBX 353.50 ($4.32) on Tuesday. The company has a market cap of £559.77 million, a price-to-earnings ratio of 589.17, a PEG ratio of 1.06 and a beta of 1.07. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.60. Hunting has a 12 month low of GBX 278 ($3.39) and a 12 month high of GBX 465.37 ($5.68). The stock has a 50-day moving average price of GBX 301.12 and a two-hundred day moving average price of GBX 366.09.

Insider Buying and Selling at Hunting

In other Hunting news, insider Paula Harris purchased 3,300 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was purchased at an average cost of GBX 304 ($3.71) per share, for a total transaction of £10,032 ($12,247.59). Corporate insiders own 18.20% of the company’s stock.

Hunting Company Profile

Located in 11 countries across four continents, we manufacture components, technology systems and precision parts globally.

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.