Harbour Energy plc (LON:HBR) Receives GBX 276.60 Consensus PT from Brokerages

Harbour Energy plc (LON:HBR) has earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 276.60.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Harbour Energy from GBX 270 to GBX 278 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Berenberg Bank restated a “hold” rating and issued a GBX 225 target price on shares of Harbour Energy in a report on Thursday, March 5th. Peel Hunt reaffirmed a “buy” rating and set a GBX 270 target price on shares of Harbour Energy in a research report on Monday, December 15th. Finally, Canaccord Genuity Group increased their price target on Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a report on Thursday, December 18th.

Harbour Energy Trading Down 2.6%

Harbour Energy stock opened at GBX 292.14 on Wednesday. Harbour Energy has a one year low of GBX 146.40 and a one year high of GBX 321. The company’s fifty day moving average price is GBX 250.21 and its two-hundred day moving average price is GBX 224.39. The company has a debt-to-equity ratio of 20.81, a current ratio of 1.04 and a quick ratio of 0.33. The company has a market capitalization of £4.59 billion, a price-to-earnings ratio of -9.94, a PEG ratio of 0.04 and a beta of -0.23.

Insider Transactions at Harbour Energy

In related news, insider Blair Thomas sold 60,000,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 255, for a total value of £153,000,000. Insiders own 1.96% 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.