Hunting (LON:HTG) Given Buy Rating at Canaccord Genuity Group

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

Separately, Berenberg Bank boosted their price target on Hunting from GBX 460 ($5.62) to GBX 480 ($5.86) and gave the company a “buy” rating in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Hunting currently has an average rating of “Buy” and a consensus price target of GBX 518 ($6.32).

Hunting Price Performance

Shares of Hunting stock opened at GBX 353.50 ($4.32) on Tuesday. The company has a 50-day simple moving average of GBX 301.12 and a two-hundred day simple moving average of GBX 366.09. Hunting has a twelve month low of GBX 278 ($3.39) and a twelve month high of GBX 465.37 ($5.68). The stock has a market capitalization of £559.77 million, a price-to-earnings ratio of 589.17, a price-to-earnings-growth 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 11.60.

Insiders Place Their Bets

In other news, insider Paula Harris bought 3,300 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was bought 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.