Harbour Energy (LON:HBR) Price Target Raised to GBX 318 at JPMorgan Chase & Co.

Harbour Energy (LON:HBR) had its price target boosted by equities researchers at JPMorgan Chase & Co. from GBX 278 to GBX 318 in a research note issued on Wednesday,London Stock Exchange reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 19.55% from the stock’s previous close.

Several other research firms have also weighed in on HBR. Canaccord Genuity Group lifted their target price on Harbour Energy from GBX 292 to GBX 320 and gave the stock a “buy” rating in a report on Thursday, December 18th. Berenberg Bank reiterated a “hold” rating and set a GBX 225 target price on shares of Harbour Energy in a report on Thursday, March 5th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 270 target price on shares of Harbour Energy in a report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 284.60.

Harbour Energy Stock Performance

HBR stock opened at GBX 266 on Wednesday. The business’s 50-day moving average price is GBX 261.18 and its two-hundred day moving average price is GBX 228.04. The company has a current ratio of 1.04, a quick ratio of 0.33 and a debt-to-equity ratio of 20.81. The firm has a market cap of £4.17 billion, a PE ratio of -16.63, a P/E/G ratio of 0.04 and a beta of -0.23. Harbour Energy has a 1-year low of GBX 146.40 and a 1-year high of GBX 321.

Insider Activity at Harbour Energy

In other news, insider Blair Thomas sold 60,000,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of GBX 255, for a total value of £153,000,000. 1.96% of the stock is currently owned by company insiders.

Harbour Energy Company Profile

Harbour Energy is the largest London-listed independent oil and gas company with significant positions in Norway, the UK, Germany, Argentina, Mexico, North Africa and South East Asia.