JPMorgan Chase & Co. Increases Harbour Energy (LON:HBR) Price Target to GBX 278

Harbour Energy (LON:HBR) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 270 to GBX 278 in a research report issued on Wednesday,London Stock Exchange reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 2.89% from the stock’s previous close.

A number of other equities analysts have also recently commented on HBR. Peel Hunt reiterated a “buy” rating and issued a GBX 270 target price on shares of Harbour Energy in a research report on Monday, December 15th. Berenberg Bank reiterated a “hold” rating and issued a GBX 225 price objective on shares of Harbour Energy in a report on Thursday, March 5th. Finally, Canaccord Genuity Group boosted their target price on Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a research note on Thursday, December 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 276.60.

Harbour Energy Price Performance

LON:HBR traded down GBX 13.20 during mid-day trading on Wednesday, reaching GBX 270.20. The stock had a trading volume of 14,179,787 shares, compared to its average volume of 10,834,157. The stock has a market capitalization of £4.24 billion, a P/E ratio of -9.19, a P/E/G ratio of 0.04 and a beta of -0.23. The firm has a 50 day moving average price of GBX 225.89 and a two-hundred day moving average price of GBX 218.44. The company has a debt-to-equity ratio of 20.81, a quick ratio of 0.33 and a current ratio of 1.04. Harbour Energy has a one year low of GBX 146.40 and a one year high of GBX 300.60.

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.