Harbour Energy (LON:HBR) Price Target Raised to GBX 280

Harbour Energy (LON:HBR) had its target price boosted by JPMorgan Chase & Co. from GBX 260 to GBX 280 in a report published on Monday morning, MarketBeat reports. They currently have a neutral rating on the stock.

A number of other analysts also recently weighed in on HBR. Stifel Nicolaus reissued a “buy” rating and set a GBX 351 target price on shares of Harbour Energy in a research report on Thursday, May 7th. Canaccord Genuity Group lowered their price target on shares of Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a report on Wednesday, June 24th. Berenberg Bank restated a “hold” rating and issued a GBX 245 price target on shares of Harbour Energy in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 295 price objective on shares of Harbour Energy in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Harbour Energy currently has an average rating of “Moderate Buy” and an average price target of GBX 311.

Harbour Energy Price Performance

Shares of HBR opened at GBX 253 on Monday. Harbour Energy has a 1 year low of GBX 182 and a 1 year high of GBX 321. The company has a debt-to-equity ratio of 165.80, a current ratio of 0.70 and a quick ratio of 0.33. The company has a market capitalization of £3.97 billion, a price-to-earnings ratio of -15.81, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The business has a 50-day moving average of GBX 238.60 and a 200-day moving average of GBX 258.13.

Insider Activity at Harbour Energy

In related news, insider Blair Thomas sold 54,775,572 shares of the company’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of GBX 205, for a total transaction of £112,289,922.60. 1.49% of the stock is currently owned by insiders.

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.