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

Harbour Energy (LON:HBR) had its target price reduced by JPMorgan Chase & Co. from GBX 318 to GBX 290 in a note issued to investors on Thursday,Digital Look reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 3.35% from the stock’s previous close.

Several other research firms have also recently commented on HBR. Jefferies Financial Group reissued a “buy” rating and set a GBX 295 target price on shares of Harbour Energy in a research note on Friday, May 8th. Stifel Nicolaus reissued a “buy” rating and set a GBX 351 target price on shares of Harbour Energy in a research note on Thursday, May 7th. Finally, Berenberg Bank lowered their target price on shares of Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating on the stock in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Harbour Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 295.17.

Harbour Energy Stock Down 0.9%

HBR stock opened at GBX 280.60 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.04 and a debt-to-equity ratio of 20.81. Harbour Energy has a fifty-two week low of GBX 180 and a fifty-two week high of GBX 321. The firm’s 50-day simple moving average is GBX 284.94 and its 200 day simple moving average is GBX 246.90. The stock has a market cap of £4.40 billion, a PE ratio of -17.54, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23.

Insider Activity

In other news, insider Blair Thomas sold 60,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 255, for a total transaction of £153,000,000. Also, 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 transaction of £1,124,235.54. 1.96% of the stock is currently owned by company 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.