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.
Get Our Latest Research Report on Harbour Energy
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
(
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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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