Harbour Energy (LON:HBR) Price Target Raised to GBX 320

Harbour Energy (LON:HBR) had its price target lifted by Canaccord Genuity Group from GBX 292 to GBX 320 in a research report report published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group upped their target price on shares of Harbour Energy from GBX 240 to GBX 290 and gave the company a “buy” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. initiated coverage on Harbour Energy in a research note on Tuesday, September 2nd. They issued an “overweight” rating and a GBX 298 price objective on the stock. Finally, Peel Hunt restated a “buy” rating and set a GBX 270 target price on shares of Harbour Energy in a research report on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 279.60.

Harbour Energy Stock Down 0.6%

Shares of Harbour Energy stock opened at GBX 203.24 on Thursday. The firm has a market cap of £2.86 billion, a price-to-earnings ratio of -6.91, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33. The stock has a 50-day simple moving average of GBX 214.79 and a 200-day simple moving average of GBX 211.78. Harbour Energy has a 52-week low of GBX 146.40 and a 52-week high of GBX 297.20.

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.