Harbour Energy (LON:HBR) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Harbour Energy (LON:HBR) had its target price lifted by equities research analysts at Canaccord Genuity Group from GBX 292 to GBX 320 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 57.45% from the stock’s current price.

A number of other analysts have also commented on the company. Peel Hunt reiterated a “buy” rating and set a GBX 270 price target on shares of Harbour Energy in a report on Monday, December 15th. JPMorgan Chase & Co. assumed coverage on Harbour Energy in a research report on Tuesday, September 2nd. They set an “overweight” rating and a GBX 298 target price for the company. Finally, Jefferies Financial Group lifted their target price on Harbour Energy from GBX 240 to GBX 290 and gave the stock a “buy” rating in a research note on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 279.60.

Harbour Energy Trading Down 0.6%

LON:HBR opened at GBX 203.24 on Thursday. Harbour Energy has a 52 week low of GBX 146.40 and a 52 week high of GBX 297.20. The firm has a 50-day moving average price of GBX 214.79 and a two-hundred day moving average price of GBX 211.63. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. The firm has a market cap of £2.86 billion, a price-to-earnings ratio of -6.91, a price-to-earnings-growth 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.