Flowtech Fluidpower (LON:FLO) Given “Buy” Rating at Canaccord Genuity Group

Flowtech Fluidpower (LON:FLO)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 130 ($1.62) target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 88.41% from the stock’s previous close.

Flowtech Fluidpower Stock Up 2.7 %

LON:FLO traded up GBX 1.80 ($0.02) during trading hours on Thursday, hitting GBX 69 ($0.86). 373,912 shares of the stock traded hands, compared to its average volume of 75,760. The firm has a 50 day moving average price of GBX 78.20 and a 200 day moving average price of GBX 94.84. The firm has a market cap of £43.66 million, a price-to-earnings ratio of -300.00 and a beta of 1.04. The company has a current ratio of 2.91, a quick ratio of 1.04 and a debt-to-equity ratio of 35.90. Flowtech Fluidpower has a fifty-two week low of GBX 66.80 ($0.83) and a fifty-two week high of GBX 122 ($1.52).

Flowtech Fluidpower Company Profile

Flowtech Fluidpower is a Group of specialist fluid power businesses. Working in partnership with customers and suppliers, we deliver essential components, custom solutions and high-quality servicing support to keep global industry moving. Our business is separated into two distinct divisions: Components and Services.