Harbour Energy plc (LON:HBR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Harbour Energy plc (LON:HBRGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 295.17.

A number of research firms recently issued reports on HBR. JPMorgan Chase & Co. lowered their target price on shares of Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating for the company in a report on Thursday. Stifel Nicolaus restated a “buy” rating and issued a GBX 351 target price on shares of Harbour Energy in a report on Thursday, May 7th. Berenberg Bank lowered their target price on shares of Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating for the company in a report on Friday, May 8th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 295 target price on shares of Harbour Energy in a report on Friday, May 8th.

View Our Latest Stock Report on Harbour Energy

Harbour Energy Stock Performance

Shares of LON HBR opened at GBX 271.60 on Monday. The company has a market cap of £4.26 billion, a PE ratio of -16.98, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. Harbour Energy has a 12 month low of GBX 180 and a 12 month high of GBX 321. 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 50-day simple moving average of GBX 284.25 and a 200-day simple moving average of GBX 247.47.

Insider Buying and Selling

In other news, insider Blair Thomas sold 60,000,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 255, for a total transaction of £153,000,000. Also, insider Alexander Krane sold 421,062 shares of the business’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 267, for a total transaction of £1,124,235.54. Insiders own 1.78% of the company’s stock.

Harbour Energy Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Harbour Energy (LON:HBR)

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