Canaccord Genuity Group Issues Pessimistic Forecast for Hunting (LON:HTG) Stock Price

Hunting (LON:HTG) had its price objective cut by investment analysts at Canaccord Genuity Group to GBX 600 in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 35.75% from the stock’s current price.

HTG has been the subject of a number of other reports. Berenberg Bank lowered their price objective on shares of Hunting from GBX 465 to GBX 450 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Royal Bank Of Canada upped their price target on shares of Hunting from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hunting has an average rating of “Buy” and a consensus price target of GBX 510.

Hunting Stock Performance

Hunting stock opened at GBX 442 on Thursday. 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 market cap of £665.34 million, a PE ratio of -20.85, a P/E/G ratio of 1.06 and a beta of 1.07. Hunting has a 12-month low of GBX 245 and a 12-month high of GBX 462.50. The business’s 50-day moving average price is GBX 390.71 and its two-hundred day moving average price is GBX 350.89.

Insider Buying and Selling

In other news, insider Stuart Brightman acquired 20,000 shares of Hunting stock in a transaction dated Friday, December 12th. The shares were bought at an average cost of GBX 388 per share, with a total value of £77,600. Also, insider Catherine Krajicek acquired 18,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average price of GBX 350 per share, with a total value of £63,000. Over the last three months, insiders have acquired 45,258 shares of company stock valued at $16,786,088. Insiders own 3.14% of the company’s stock.

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.