Harbour Energy plc (LON:HBR) Receives GBX 312.67 Consensus Target Price from Analysts

Harbour Energy plc (LON:HBR) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 312.67.

HBR has been the topic of several recent research reports. Berenberg Bank reduced their target price on shares of Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating on the stock in a research note on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating and set a GBX 295 price target on shares of Harbour Energy in a research note on Friday, May 8th. Stifel Nicolaus restated a “buy” rating and issued a GBX 351 price objective on shares of Harbour Energy in a report on Thursday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Finally, Canaccord Genuity Group lowered their target price on shares of Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a report on Wednesday, June 24th.

Harbour Energy Price Performance

Shares of HBR stock opened at GBX 220 on Friday. The firm has a market cap of £3.45 billion, a price-to-earnings ratio of -13.75, a PEG ratio of 0.04 and a beta of -0.23. Harbour Energy has a 12 month low of GBX 182 and a 12 month high of GBX 321. The company has a quick ratio of 0.33, a current ratio of 1.04 and a debt-to-equity ratio of 20.81. The stock has a 50-day moving average price of GBX 260.02 and a 200 day moving average price of GBX 251.55.

Insider Activity at Harbour Energy

In related news, insider Blair Thomas sold 54,775,572 shares of Harbour Energy stock in a transaction on Friday, July 3rd. The stock was sold at an average price of GBX 205, for a total transaction of £112,289,922.60. 1.78% of the stock is currently owned by company 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.