Harbour Energy plc (LON:HBR) Receives GBX 312.67 Average Price Target from Brokerages

Shares of Harbour Energy plc (LON:HBR) have been given an average rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 312.67.

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

Insider Buying and Selling

In related news, insider Blair Thomas sold 54,775,572 shares of the business’s 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 insiders.

Harbour Energy Trading Up 2.0%

LON HBR opened at GBX 244.50 on Tuesday. The firm has a market cap of £3.84 billion, a P/E ratio of -15.28, a P/E/G ratio of 0.04 and a beta of -0.23. 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 stock’s 50-day moving average is GBX 242.56 and its 200-day moving average is GBX 256.47. Harbour Energy has a one year low of GBX 182 and a one year high of GBX 321.

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.