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

Key Points

• JPMorgan Chase raised its target for Harbour Energy from GBX 278 to GBX 318, kept a "neutral" rating, and signaled roughly a 19.55% upside.
• The stock's consensus is a "Moderate Buy" (three Buy, two Hold) with an average target of GBX 284.60 from five analysts.
• Insider Blair Thomas sold 60,000,000 shares at GBX 255 on March 11 for £153,000,000, and insiders now own about 1.96% of the company.

Harbour Energy (LON:HBR - Get Free Report) had its target price increased by JPMorgan Chase & Co. from GBX 278 to GBX 318 in a note issued to investors on Wednesday,London Stock Exchange reports. The brokerage 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 current price.

Other equities analysts have also recently issued research reports about the company. Peel Hunt reiterated a "buy" rating and issued a GBX 270 price target on shares of Harbour Energy in a report on Monday, December 15th. Canaccord Genuity Group upped their target price on shares of Harbour Energy from GBX 292 to GBX 320 and gave the company a "buy" rating in a research report on Thursday, December 18th. Finally, Berenberg Bank reiterated a "hold" rating and set a GBX 225 target price on shares of Harbour Energy in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 284.60.

Harbour Energy Price Performance

Harbour Energy stock opened at GBX 266 on Wednesday. The business's 50-day simple moving average is GBX 261.18 and its 200 day simple moving average is GBX 228.04. The stock has a market cap of £4.17 billion, a price-to-earnings ratio of -16.63, a P/E/G ratio of 0.04 and a beta of -0.23. Harbour Energy has a 12-month low of GBX 146.40 and a 12-month high of GBX 321. The company has a quick ratio of 0.33, a current ratio of 1.04 and a debt-to-equity ratio of 20.81.

Insiders Place Their Bets

In related news, insider Blair Thomas sold 60,000,000 shares of Harbour Energy stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of GBX 255, for a total transaction of £153,000,000. 1.96% of the stock is owned by insiders.

About Harbour Energy

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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