Harbour Energy plc (LON:HBR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Harbour Energy plc (LON:HBR) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 280.60.

Several research firms recently issued reports on HBR. Peel Hunt reiterated a “buy” rating and issued a GBX 270 price objective on shares of Harbour Energy in a report on Monday, December 15th. Berenberg Bank lifted their price target on Harbour Energy from GBX 195 to GBX 225 and gave the stock a “hold” rating in a research note on Tuesday, January 27th. Finally, Canaccord Genuity Group increased their price objective on Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a research note on Thursday, December 18th.

Harbour Energy Stock Up 3.8%

Shares of LON HBR opened at GBX 270.40 on Friday. The firm has a market cap of £3.77 billion, a price-to-earnings ratio of -9.20, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company’s 50-day simple moving average is GBX 218.61 and its 200-day simple moving average is GBX 216.79. The company has a quick ratio of 0.33, a current ratio of 1.00 and a debt-to-equity ratio of 108.90. Harbour Energy has a 52-week low of GBX 146.40 and a 52-week high of GBX 279.60.

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.