Brokerages Set Harbour Energy plc (LON:HBR) Target Price at GBX 284.60

Shares of Harbour Energy plc (LON:HBRGet Free Report) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 284.60.

Several brokerages have commented on HBR. JPMorgan Chase & Co. raised their price objective on Harbour Energy from GBX 278 to GBX 318 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 225 target price on shares of Harbour Energy in a research note on Thursday, March 5th.

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Insider Buying and Selling at Harbour Energy

In other Harbour Energy news, insider Blair Thomas sold 60,000,000 shares of the company’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 stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total transaction of £1,124,235.54. 1.96% of the stock is currently owned by insiders.

Harbour Energy Price Performance

LON:HBR opened at GBX 271.32 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.04 and a debt-to-equity ratio of 20.81. Harbour Energy has a 52 week low of GBX 146.40 and a 52 week high of GBX 321. The stock’s 50-day moving average price is GBX 270.85 and its 200-day moving average price is GBX 232.72. The stock has a market capitalization of £4.26 billion, a PE ratio of -16.96, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23.

About Harbour Energy

(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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