Harbour Energy (LON:HBR) Given New GBX 225 Price Target at Berenberg Bank

Harbour Energy (LON:HBR) had its price objective boosted by analysts at Berenberg Bank from GBX 195 to GBX 225 in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential upside of 0.27% from the company’s previous close.

A number of other research firms have also weighed in on HBR. Jefferies Financial Group lifted their price objective on shares of Harbour Energy from GBX 240 to GBX 290 and gave the company a “buy” rating in a research report on Monday, October 20th. Peel Hunt reissued a “buy” rating and set a GBX 270 price objective on shares of Harbour Energy in a research note on Monday, December 15th. Finally, Canaccord Genuity Group boosted their target price on shares of Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a research note on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 280.60.

Harbour Energy Stock Performance

Shares of LON HBR traded up GBX 9.40 during midday trading on Tuesday, reaching GBX 224.40. 8,707,105 shares of the company were exchanged, compared to its average volume of 6,977,465. The stock has a market cap of £3.14 billion, a P/E ratio of -7.63, a PEG ratio of 0.04 and a beta of -0.23. Harbour Energy has a 1 year low of GBX 146.40 and a 1 year high of GBX 246.25. The stock has a fifty day simple moving average of GBX 205.36 and a 200 day simple moving average of GBX 212.17. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75.

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.