Harbour Energy plc (LON:HBR) Stock Has Average Target Price of GBX 311

Harbour Energy plc (LON:HBR) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 311.

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price 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. Berenberg Bank reiterated a “hold” rating and set a GBX 245 price objective on shares of Harbour Energy in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group decreased their price target on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a research note on Wednesday, June 24th.

Harbour Energy Stock Up 2.5%

HBR stock opened at GBX 294.60 on Friday. The firm has a fifty day moving average price of GBX 267.24 and a two-hundred day moving average price of GBX 262.94. The company has a debt-to-equity ratio of 166.66, a current ratio of 0.70 and a quick ratio of 0.33. Harbour Energy has a 1-year low of GBX 182 and a 1-year high of GBX 321. The firm has a market cap of £4.41 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.04 and a beta of -0.23.

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.