JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Harbour Energy (LON:HBR) Stock

Harbour Energy (LON:HBR) had its target price increased by analysts at JPMorgan Chase & Co. from GBX 270 to GBX 278 in a report issued on Wednesday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 2.89% from the stock’s current price.

HBR has been the subject of a number of other research reports. Berenberg Bank restated a “hold” rating and set a GBX 225 target price on shares of Harbour Energy in a report on Thursday, March 5th. Peel Hunt reissued a “buy” rating and set a GBX 270 price objective on shares of Harbour Energy in a research report on Monday, December 15th. Finally, Canaccord Genuity Group upped their price objective on shares of Harbour Energy from GBX 292 to GBX 320 and gave the stock a “buy” rating in a report on Thursday, December 18th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Harbour Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 276.60.

Harbour Energy Trading Down 4.7%

LON HBR traded down GBX 13.20 on Wednesday, hitting GBX 270.20. The company’s stock had a trading volume of 14,179,787 shares, compared to its average volume of 10,834,157. The firm has a market cap of £4.24 billion, a P/E ratio of -9.19, a PEG ratio of 0.04 and a beta of -0.23. Harbour Energy has a 52-week low of GBX 146.40 and a 52-week high of GBX 300.60. The company’s 50-day simple moving average is GBX 225.89 and its 200 day simple moving average is GBX 218.44. The company has a current ratio of 1.04, a quick ratio of 0.33 and a debt-to-equity ratio of 20.81.

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.