Harbour Energy plc (LON:HBR) Stock Has Average Price Target of GBX 311

Harbour Energy plc (LON:HBR) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 311.

A number of equities analysts have recently weighed in on HBR shares. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 245 price objective on shares of Harbour Energy in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on Harbour Energy from GBX 260 to GBX 280 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Canaccord Genuity Group cut their target price on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating on the stock in a research report on Wednesday, June 24th.

Harbour Energy Price Performance

Shares of LON:HBR opened at GBX 292.20 on Friday. The company has a market capitalization of £4.38 billion, a P/E ratio of 18.26, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 166.66, a current ratio of 0.70 and a quick ratio of 0.33. The firm’s 50 day simple moving average is GBX 266.27 and its two-hundred day simple moving average is GBX 262.72. Harbour Energy has a 1-year low of GBX 182 and a 1-year high of GBX 321.

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.