Barclays Lowers Harbour Energy (LON:HBR) Price Target to GBX 520

Harbour Energy (LON:HBRGet Rating) had its price objective lowered by analysts at Barclays from GBX 585 ($7.14) to GBX 520 ($6.35) in a research note issued on Friday, reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 66.77% from the stock’s current price.

Separately, Berenberg Bank lowered their target price on Harbour Energy from GBX 480 ($5.86) to GBX 320 ($3.90) and set a “hold” rating for the company in a research note on Friday, November 18th.

Harbour Energy Trading Down 0.3 %

HBR opened at GBX 311.80 ($3.80) on Friday. Harbour Energy has a twelve month low of GBX 272.61 ($3.33) and a twelve month high of GBX 538.60 ($6.57). The company has a 50-day simple moving average of GBX 312.10 and a 200 day simple moving average of GBX 371.88. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 747.69. The stock has a market capitalization of £2.64 billion and a price-to-earnings ratio of 366.82.

Harbour Energy Company Profile

(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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