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

Canaccord Genuity Group reissued their buy rating on shares of Hunting (LON:HTG - Free Report) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 600 ($7.98) price objective on the stock.

Separately, Berenberg Bank dropped their price objective on shares of Hunting from GBX 490 ($6.52) to GBX 480 ($6.38) and set a "buy" rating for the company in a report on Wednesday, April 16th.

Hunting Price Performance

HTG traded down GBX 3.50 ($0.05) on Wednesday, hitting GBX 255.50 ($3.40). 144,513 shares of the company's stock were exchanged, compared to its average volume of 809,020. The stock has a market cap of £523.90 million, a price-to-earnings ratio of 4.26, a P/E/G ratio of 1.06 and a beta of 1.07. Hunting has a fifty-two week low of GBX 245 ($3.26) and a fifty-two week high of GBX 465.37 ($6.19). The firm has a 50-day moving average price of GBX 294.34 and a 200-day moving average price of GBX 312.52. The company has a current ratio of 2.69, a quick ratio of 2.08 and a debt-to-equity ratio of 11.64.

Hunting Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 10th will be paid a dividend of $0.06 per share. This is a positive change from Hunting's previous dividend of $0.06. The ex-dividend date is Thursday, April 10th. This represents a yield of 1.57%. Hunting's dividend payout ratio is presently 13.34%.

Insider Activity at Hunting

In other Hunting news, insider Arthur James Johnson sold 470,771 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of GBX 295 ($3.92), for a total value of £1,388,774.45 ($1,847,265.83). Company insiders own 18.20% of the company's stock.

About Hunting

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.