Harbour Energy (LON:HBR) Price Target Cut to GBX 675 by Analysts at Barclays

Harbour Energy (LON:HBRGet Rating) had its price objective reduced by equities research analysts at Barclays from GBX 735 ($8.50) to GBX 675 ($7.80) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 65.20% from the company’s current price.

Harbour Energy Trading Up 1.4 %

Shares of LON:HBR opened at GBX 408.60 ($4.72) on Friday. Harbour Energy has a 12-month low of GBX 298.50 ($3.45) and a 12-month high of GBX 538.60 ($6.23). The company has a market capitalization of £3.53 billion and a PE ratio of 444.13. The business has a 50 day moving average of GBX 437.40 and a two-hundred day moving average of GBX 410.31. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 747.69.

Insider Transactions at Harbour Energy

In other Harbour Energy news, insider Simon Henry bought 10,000 shares of Harbour Energy stock in a transaction dated Friday, October 14th. The stock was acquired at an average cost of GBX 415 ($4.80) per share, with a total value of £41,500 ($47,982.43). In other news, insider Blair Thomas sold 591,131 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of GBX 471 ($5.45), for a total transaction of £2,784,227.01 ($3,219,131.70). Also, insider Simon Henry bought 10,000 shares of Harbour Energy stock in a transaction dated Friday, October 14th. The shares were acquired at an average cost of GBX 415 ($4.80) per share, with a total value of £41,500 ($47,982.43).

About Harbour Energy

(Get Rating)

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds 124 license interests and 48 producing fields in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico.

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