Berenberg Bank Reaffirms “Hold” Rating for Harbour Energy (LON:HBR)

Harbour Energy (LON:HBR)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a report issued on Thursday, Marketbeat.com reports. They presently have a GBX 245 target price on the stock. Berenberg Bank’s target price points to a potential downside of 0.55% from the company’s current price.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 295 target price on shares of Harbour Energy in a research report on Friday, May 8th. Stifel Nicolaus restated a “buy” rating and issued a GBX 351 price target on shares of Harbour Energy in a research note on Thursday, May 7th. Canaccord Genuity Group reduced their price objective on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Harbour Energy currently has an average rating of “Moderate Buy” and an average price target of GBX 312.67.

Harbour Energy Price Performance

HBR stock opened at GBX 246.37 on Thursday. The business’s fifty day moving average price is GBX 240.23 and its 200 day moving average price is GBX 256.99. Harbour Energy has a 12-month low of GBX 182 and a 12-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 £3.87 billion, a PE ratio of -15.40, a P/E/G ratio of 0.04 and a beta of -0.23.

Insider Buying and Selling at Harbour Energy

In other news, insider Blair Thomas sold 54,775,572 shares of Harbour Energy stock in a transaction on Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total transaction of £112,289,922.60. Insiders own 1.49% 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.