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

Harbour Energy plc (LON:HBR) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 311.

HBR has been the subject of a number of recent analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 245 price objective on shares of Harbour Energy in a research note on Thursday, August 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 351 target price on shares of Harbour Energy in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on Harbour Energy from GBX 260 to GBX 280 and gave the company a “neutral” rating in a research note on Monday, August 10th. Canaccord Genuity Group decreased their price target on shares of Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 295 price target on shares of Harbour Energy in a research note on Friday, May 8th.

Harbour Energy Stock Down 0.8%

Shares of LON HBR opened at GBX 263 on Friday. The company has a debt-to-equity ratio of 166.66, a quick ratio of 0.33 and a current ratio of 0.70. Harbour Energy has a 1 year low of GBX 182 and a 1 year high of GBX 321. The stock’s 50-day simple moving average is GBX 236.71 and its 200-day simple moving average is GBX 259.43. The firm has a market cap of £4.13 billion, a price-to-earnings ratio of -16.44, a PEG ratio of 0.04 and a beta of -0.23.

Insiders Place Their Bets

In other news, insider Blair Thomas sold 54,775,572 shares of the business’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total value of £112,289,922.60. 1.49% of the stock is currently owned by corporate insiders.

About Harbour Energy

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.