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

Harbour Energy plc (LON:HBR) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 295.17.

HBR has been the subject of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and set a GBX 351 price target on shares of Harbour Energy in a research note on Thursday, May 7th. Jefferies Financial Group restated a “buy” rating and set a GBX 295 price target on shares of Harbour Energy in a research note on Friday, May 8th. Berenberg Bank reduced their target price on shares of Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating for the company in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating for the company in a research note on Thursday, June 4th.

Insider Activity

In other news, insider Alexander Krane sold 421,062 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total value of £1,124,235.54. 1.78% of the stock is currently owned by insiders.

Harbour Energy Stock Performance

Shares of HBR stock opened at GBX 249 on Monday. The firm has a market capitalization of £3.91 billion, a PE ratio of -15.56, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The firm has a fifty day simple moving average of GBX 281.06 and a two-hundred day simple moving average of GBX 248.80. 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 180 and a 12 month high of GBX 321.

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.