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

Harbour Energy plc (LON:HBRGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 311.

A number of brokerages have recently commented on HBR. Jefferies Financial Group reissued a “buy” rating and issued a GBX 295 price objective on shares of Harbour Energy in a research report on Friday, May 8th. Berenberg Bank reiterated a “hold” rating and issued a GBX 245 price target on shares of Harbour Energy in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Harbour Energy from GBX 260 to GBX 280 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Canaccord Genuity Group reduced their price objective on shares of Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Finally, 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.

Read Our Latest Research Report on HBR

Insider Transactions at Harbour Energy

In related news, insider Blair Thomas sold 54,775,572 shares of the stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of GBX 205, for a total transaction of £112,289,922.60. Insiders own 1.49% of the company’s stock.

Harbour Energy Trading Up 0.6%

LON:HBR opened at GBX 251 on Friday. The company has a market cap of £3.94 billion, a P/E ratio of -15.69, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. Harbour Energy has a twelve month low of GBX 182 and a twelve month high of GBX 321. The business has a 50 day moving average price of GBX 237.68 and a two-hundred day moving average price of GBX 260.32. The company has a quick ratio of 0.33, a current ratio of 0.70 and a debt-to-equity ratio of 166.66.

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.

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Analyst Recommendations for Harbour Energy (LON:HBR)

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