Flowtech Fluidpower (LON:FLO) Price Target Cut to GBX 151

Flowtech Fluidpower (LON:FLO) had its price target lowered by investment analysts at FinnCap from GBX 180 ($2.37) to GBX 151 ($1.99) in a note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage presently has a “corporate” rating on the stock. FinnCap’s price objective points to a potential upside of 45.05% from the company’s previous close.

Separately, Shore Capital reiterated a “buy” rating on shares of Flowtech Fluidpower in a research report on Tuesday, October 22nd.

LON FLO traded up GBX 2.35 ($0.03) on Tuesday, reaching GBX 104.10 ($1.37). 216,605 shares of the company’s stock traded hands, compared to its average volume of 70,696. Flowtech Fluidpower has a 12 month low of GBX 97.88 ($1.29) and a 12 month high of GBX 150 ($1.97). The company has a debt-to-equity ratio of 34.53, a current ratio of 1.46 and a quick ratio of 0.75. The stock has a 50-day simple moving average of GBX 120.30 and a 200 day simple moving average of GBX 121.52. The stock has a market cap of $62.23 million and a PE ratio of 13.70.

In other Flowtech Fluidpower news, insider Bill Wilson purchased 10,000 shares of Flowtech Fluidpower stock in a transaction on Friday, October 25th. The shares were acquired at an average cost of GBX 114 ($1.50) per share, for a total transaction of £11,400 ($14,996.05).

Flowtech Fluidpower Company Profile

Flowtech Fluidpower plc, together with its subsidiaries, distributes hydraulic and pneumatic fluid power products in the United Kingdom, Ireland, Benelux, and internationally. The company operates through three segments: Flowtechnology, Power Motion Control, and Process. It offers hydraulic rubber and thermoplastic hose assembly kits, hydraulic cylinders and semi-rotary actuators, bespoke hydraulic power units and packs, purification and filtration systems, manipulated pipes and individual machined components, specialist valves and actuation equipment, safety pipework, transfer pumps, breather valves and instrumentals, and mobile systems, as well as various industrial, pneumatic, and hydraulic components.

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