Flowtech Fluidpower (LON:FLO) Earns Buy Rating from Canaccord Genuity Group

Flowtech Fluidpower (LON:FLO)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a research report issued on Thursday, Marketbeat reports. They currently have a GBX 130 ($1.61) price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 88.41% from the stock’s current price.

Flowtech Fluidpower Price Performance

FLO opened at GBX 69 ($0.86) on Thursday. The stock’s 50-day moving average price is GBX 77.58 and its 200 day moving average price is GBX 94.49. Flowtech Fluidpower has a 12-month low of GBX 66.80 ($0.83) and a 12-month high of GBX 122 ($1.51). 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.

About Flowtech Fluidpower

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.