Harbour Energy (LON:HBR – Get 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%
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
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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