Hunting (LON:HTG) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Hunting (LON:HTG) to a neutral rating in a report issued on Thursday, Digital Look reports. JPMorgan Chase & Co. currently has GBX 642 ($8.39) price target on the stock, down from their previous price target of GBX 728 ($9.51).

HTG has been the topic of several other research reports. Barclays reaffirmed an equal weight rating on shares of Hunting in a research note on Monday, July 8th. Berenberg Bank reaffirmed a hold rating and issued a GBX 640 ($8.36) price target on shares of Hunting in a research note on Wednesday, April 17th. Royal Bank of Canada reaffirmed an outperform rating on shares of Hunting in a research note on Thursday, July 18th. UBS Group reaffirmed a buy rating on shares of Hunting in a research note on Tuesday, July 23rd. Finally, Credit Suisse Group reissued an outperform rating on shares of Hunting in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of GBX 777.08 ($10.15).

HTG stock opened at GBX 428.40 ($5.60) on Thursday. The company has a market capitalization of $715.17 million and a PE ratio of 8.19. Hunting has a 12 month low of GBX 402.20 ($5.26) and a 12 month high of GBX 883.50 ($11.54). The firm’s 50-day moving average is GBX 502.07 and its 200 day moving average is GBX 548.55. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.06 and a quick ratio of 1.73.

In other Hunting news, insider Keith Lough bought 3,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were acquired at an average price of GBX 524 ($6.85) per share, with a total value of £15,720 ($20,540.96). Also, insider Peter Rose sold 52,460 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 494 ($6.45), for a total transaction of £259,152.40 ($338,628.51).

About Hunting

Hunting PLC, together with its subsidiaries, manufactures and distributes tools and equipment for the upstream energy industry worldwide. The company offers perforating guns and accessories; and connections, oil country tubular goods, drilling tools, subsea equipment, intervention tools, and electronics.

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Analyst Recommendations for Hunting (LON:HTG)

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