Berenberg Bank Has Lowered Expectations for Harbour Energy (LON:HBR) Stock Price

Harbour Energy (LON:HBR) had its price target reduced by stock analysts at Berenberg Bank from GBX 255 to GBX 245 in a research report issued on Friday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential downside of 11.30% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 351 price objective on shares of Harbour Energy in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Harbour Energy from GBX 278 to GBX 318 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 299.

Harbour Energy Trading Down 1.6%

HBR stock opened at GBX 276.20 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.33 and a debt-to-equity ratio of 20.81. Harbour Energy has a 12-month low of GBX 167.20 and a 12-month high of GBX 321. The stock has a market cap of £4.33 billion, a price-to-earnings ratio of -17.26, a PEG ratio of 0.04 and a beta of -0.23. The business’s 50-day moving average is GBX 283.67 and its 200 day moving average is GBX 238.81.

Insider Activity at Harbour Energy

In other news, insider Blair Thomas sold 60,000,000 shares of Harbour Energy stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of GBX 255, for a total transaction of £153,000,000. Also, insider Alexander Krane sold 421,062 shares of Harbour Energy stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total transaction of £1,124,235.54. 1.96% 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.