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

Harbour Energy (LON:HBR) had its price target lifted by JPMorgan Chase & Co. from GBX 278 to GBX 318 in a research report report published on Wednesday morning, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

HBR has been the topic of several other reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 225 target price on shares of Harbour Energy in a research report on Thursday, March 5th. Canaccord Genuity Group upped their target price on Harbour Energy from GBX 292 to GBX 320 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 270 target price on shares of Harbour Energy in a research report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 284.60.

Harbour Energy Stock Performance

Shares of HBR stock opened at GBX 274.24 on Wednesday. The company has a debt-to-equity ratio of 20.81, a current ratio of 1.04 and a quick ratio of 0.33. Harbour Energy has a fifty-two week low of GBX 146.40 and a fifty-two week high of GBX 321. The stock’s 50-day moving average is GBX 262.11 and its two-hundred day moving average is GBX 228.35. The firm has a market cap of £4.30 billion, a P/E ratio of -17.14, a PEG 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 company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of GBX 255, for a total transaction of £153,000,000. Company insiders own 1.96% of the company’s stock.

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.