Harbour Energy (LON:HBR) Price Target Raised to GBX 225

Harbour Energy (LON:HBR) had its target price increased by Berenberg Bank from GBX 195 to GBX 225 in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a hold rating on the stock.

Other analysts have also issued research reports about the stock. Jefferies Financial Group raised their target price on shares of Harbour Energy from GBX 240 to GBX 290 and gave the stock a “buy” rating in a research report on Monday, October 20th. Peel Hunt reissued a “buy” rating and set a GBX 270 price target on shares of Harbour Energy in a research note on Monday, December 15th. Finally, Canaccord Genuity Group lifted their price objective on Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a research report on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Harbour Energy currently has a consensus rating of “Moderate Buy” and an average price target of GBX 280.60.

Harbour Energy Price Performance

Harbour Energy stock opened at GBX 236.80 on Tuesday. The stock has a market capitalization of £3.31 billion, a P/E ratio of -8.05, a P/E/G ratio of 0.04 and a beta of -0.23. Harbour Energy has a 12-month low of GBX 146.40 and a 12-month high of GBX 246.25. 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 firm’s 50-day moving average is GBX 205.36 and its two-hundred day moving average is GBX 212.44.

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.