Harbour Energy (LON:HBR) Price Target Cut to GBX 290 by Analysts at JPMorgan Chase & Co.

Harbour Energy (LON:HBR) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from GBX 318 to GBX 290 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 3.35% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Berenberg Bank reduced their price objective on shares of Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating for the company in a research report on Friday, May 8th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 351 target price on shares of Harbour Energy in a report on Thursday, May 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 295 target price on shares of Harbour Energy in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 295.17.

Harbour Energy Stock Performance

LON:HBR opened at GBX 280.60 on Thursday. Harbour Energy has a twelve month low of GBX 180 and a twelve month high of GBX 321. 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 company has a 50-day moving average of GBX 284.94 and a 200-day moving average of GBX 246.90. The firm has a market cap of £4.40 billion, a price-to-earnings ratio of -17.54, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23.

Insider Activity

In other Harbour Energy news, insider Alexander Krane sold 421,062 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total value of £1,124,235.54. Also, insider Blair Thomas sold 60,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of GBX 255, for a total transaction of £153,000,000. Company insiders own 1.96% of the company’s stock.

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.