Harbour Energy plc (LON:HBR) Receives GBX 276.60 Average PT from Analysts

Harbour Energy plc (LON:HBR) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 276.60.

Several brokerages recently commented on HBR. Canaccord Genuity Group lifted their price target on shares of Harbour Energy from GBX 292 to GBX 320 and gave the stock a “buy” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. raised their price objective on Harbour Energy from GBX 270 to GBX 278 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Berenberg Bank reiterated a “hold” rating and set a GBX 225 target price on shares of Harbour Energy in a research report on Thursday, March 5th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 270 target price on shares of Harbour Energy in a report on Monday, December 15th.

Insider Buying and Selling

In other Harbour Energy news, insider Blair Thomas sold 60,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of GBX 255, for a total value of £153,000,000. 1.96% of the stock is currently owned by company insiders.

Harbour Energy Stock Down 4.1%

Shares of LON:HBR opened at GBX 287.60 on Wednesday. The firm has a 50 day simple moving average of GBX 253.68 and a 200-day simple moving average of GBX 225.52. Harbour Energy has a twelve month low of GBX 146.40 and a twelve month high of GBX 321. 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 company has a market capitalization of £4.52 billion, a PE ratio of -9.78, a P/E/G ratio of 0.04 and a beta of -0.23.

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.