Harbour Energy plc (LON:HBR) Receives GBX 312.67 Average Price Target from Analysts

Harbour Energy plc (LON:HBR) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 312.67.

HBR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 295 price target on shares of Harbour Energy in a research report on Friday, May 8th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 351 price target on shares of Harbour Energy in a research report on Thursday, May 7th. Berenberg Bank dropped their price objective on Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating on the stock in a research note on Friday, May 8th. Finally, Canaccord Genuity Group cut their price objective on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a report on Wednesday, June 24th.

Harbour Energy Trading Up 1.6%

Shares of LON:HBR opened at GBX 239.40 on Tuesday. The company has a 50 day moving average of GBX 243.45 and a 200-day moving average of GBX 255.80. The company has a current ratio of 1.04, a quick ratio of 0.33 and a debt-to-equity ratio of 20.81. The firm has a market cap of £3.76 billion, a P/E ratio of -14.96, a P/E/G ratio of 0.04 and a beta of -0.23. Harbour Energy has a twelve month low of GBX 182 and a twelve month high of GBX 321.

Insider Buying and Selling

In other news, insider Blair Thomas sold 54,775,572 shares of Harbour Energy stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total value of £112,289,922.60. Company insiders own 1.78% of the company’s stock.

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.