Canaccord Genuity Group Forecasts Strong Price Appreciation for H&T Group (LON:HAT) Stock

H&T Group (LON:HAT) had its price target raised by Canaccord Genuity Group from GBX 531 ($6.91) to GBX 559 ($7.27) in a report issued on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 43.33% from the stock’s current price.

Separately, Shore Capital restated a “house stock” rating on shares of H&T Group in a report on Tuesday.

H&T Group Trading Up 0.5 %

Shares of LON HAT opened at GBX 390 ($5.07) on Tuesday. The company’s 50 day simple moving average is GBX 353.45 and its 200 day simple moving average is GBX 360.06. H&T Group has a fifty-two week low of GBX 325.50 ($4.23) and a fifty-two week high of GBX 440 ($5.72). The firm has a market capitalization of £169.94 million, a P/E ratio of 7.72 and a beta of 0.69. The company has a debt-to-equity ratio of 46.82, a current ratio of 15.96 and a quick ratio of 4.55.

H&T Group (LON:HAT) last announced its quarterly earnings data on Tuesday, March 18th. The company reported GBX 51.17 ($0.67) earnings per share for the quarter. H&T Group had a net margin of 9.06% and a return on equity of 12.14%. On average, analysts predict that H&T Group will post 54.3859649 EPS for the current year.

About H&T Group

H&T is the UK’s largest pawnbroker and provides a range of financial services to meet customers’ needs. We are the 6th largest retailer of high quality pre-owned and new jewellery and watches.

Our ambition is to make pawnbroking a more widely accepted and valued finance service.