Canaccord Genuity Group Reiterates Buy Rating for Flowtech Fluidpower (LON:FLO)

Flowtech Fluidpower (LON:FLO – Get Free Report)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 100 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 57.21% from the company’s current price.

Flowtech Fluidpower Stock Up 7.8%

Shares of FLO traded up GBX 4.61 during midday trading on Tuesday, reaching GBX 63.61. 306,769 shares of the stock were exchanged, compared to its average volume of 108,627. Flowtech Fluidpower has a 52 week low of GBX 41 and a 52 week high of GBX 77. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 72.79. The company’s 50 day moving average is GBX 56.85 and its two-hundred day moving average is GBX 52.64. The company has a market capitalization of £51.80 million, a P/E ratio of -12.14 and a beta of 0.56.

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Flowtech Fluidpower Company Profile

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Flowtech are the leading specialist Hydraulics, Pneumatics and Process engineering solutions provider across the UK, Ireland and the Benelux. We’ve built a strong brand reputation based on engineering excellence, with the ability to supply superior products, a suite of engineering services, and play a vital role in the delivery of major engineering projects from a range of key industries.

https://www.flowtech.co.uk

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