Harbour Energy (LON:HBR) Price Target Raised to GBX 280

Harbour Energy (LON:HBR) had its price target lifted by investment analysts at JPMorgan Chase & Co. from GBX 260 to GBX 280 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 13.09% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 295 price target on shares of Harbour Energy in a research report on Friday, May 8th. Canaccord Genuity Group reduced their target price on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Berenberg Bank restated a “hold” rating and set a GBX 245 target price on shares of Harbour Energy in a report on Thursday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 351 price target on shares of Harbour Energy in a research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 311.

Harbour Energy Stock Up 0.5%

LON HBR opened at GBX 247.60 on Monday. The company has a debt-to-equity ratio of 165.80, a current ratio of 0.70 and a quick ratio of 0.33. The stock has a market capitalization of £3.89 billion, a PE ratio of -15.47, a PEG ratio of 0.04 and a beta of -0.23. Harbour Energy has a 1 year low of GBX 182 and a 1 year high of GBX 321. The business’s 50-day moving average is GBX 240.23 and its 200 day moving average is GBX 257.32.

Insider Transactions at Harbour Energy

In related news, insider Blair Thomas sold 54,775,572 shares of the stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total value of £112,289,922.60. 1.49% of the stock is currently owned by 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.