Harbour Energy plc (LON:HBR) Receives GBX 311 Average Price Target from Analysts

Shares of Harbour Energy plc (LON:HBR) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 311.

A number of equities analysts recently commented on the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 245 price target on shares of Harbour Energy in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Harbour Energy from GBX 260 to GBX 280 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Canaccord Genuity Group decreased their price objective on shares of Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Jefferies Financial Group restated a “buy” rating and set a GBX 295 target price on shares of Harbour Energy in a research report on Friday, May 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 351 target price on shares of Harbour Energy in a research note on Thursday, May 7th.

Harbour Energy Trading Down 0.2%

HBR stock opened at GBX 249.23 on Friday. Harbour Energy has a twelve month low of GBX 182 and a twelve month high of GBX 321. The stock has a market capitalization of £3.91 billion, a price-to-earnings ratio of -15.58, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company has a quick ratio of 0.33, a current ratio of 0.70 and a debt-to-equity ratio of 166.66. The firm’s fifty day simple moving average is GBX 237.17 and its two-hundred day simple moving average is GBX 260.19.

Insider Transactions at Harbour Energy

In related news, insider Blair Thomas sold 54,775,572 shares of the business’s stock in a transaction on 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.

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.