Harbour Energy plc (LON:HBR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Harbour Energy plc (LON:HBR) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 311.

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

Harbour Energy Trading Up 1.1%

LON:HBR opened at GBX 283.60 on Wednesday. The stock has a fifty day simple moving average of GBX 248.71 and a 200 day simple moving average of GBX 264.03. The firm has a market capitalization of £4.43 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. Harbour Energy has a 1-year low of GBX 182 and a 1-year high of GBX 321. The company has a quick ratio of 0.33, a current ratio of 0.70 and a debt-to-equity ratio of 166.66.

Insider Activity

In other news, insider Blair Thomas sold 54,775,572 shares of the firm’s stock in a transaction on Friday, July 3rd. The stock was sold at an average price of GBX 205, for a total value of £112,289,922.60. 1.49% of the stock is 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.