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

Harbour Energy (LON:HBRGet Free Report) had its price target lifted by investment analysts at JPMorgan Chase & Co. from GBX 278 to GBX 318 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 15.30% from the company’s previous close.

HBR has been the subject of several other research reports. Canaccord Genuity Group raised their price objective on shares of Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a research note on Thursday, December 18th. Peel Hunt reissued a “buy” rating and issued a GBX 270 price objective on shares of Harbour Energy in a research note on Monday, December 15th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 225 price objective on shares of Harbour Energy in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Harbour Energy has a consensus rating of “Moderate Buy” and a consensus target price of GBX 284.60.

Read Our Latest Stock Analysis on Harbour Energy

Harbour Energy Trading Up 1.4%

LON HBR opened at GBX 275.80 on Wednesday. The firm has a 50 day simple moving average of GBX 262.89 and a 200-day simple moving average of GBX 228.68. The company has a debt-to-equity ratio of 20.81, a quick ratio of 0.33 and a current ratio of 1.04. Harbour Energy has a one year low of GBX 146.40 and a one year high of GBX 321. The firm has a market cap of £4.33 billion, a price-to-earnings ratio of -17.24, a PEG ratio of 0.04 and a beta of -0.23.

Insiders Place Their Bets

In related news, insider Blair Thomas sold 60,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were 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

(Get Free Report)

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.

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Analyst Recommendations for Harbour Energy (LON:HBR)

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