Harbour Energy (LON:HBR) Given New GBX 290 Price Target at Jefferies Financial Group

Harbour Energy (LON:HBR) had its price target lifted by Jefferies Financial Group from GBX 240 to GBX 290 in a research report released on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Berenberg Bank increased their target price on shares of Harbour Energy from GBX 200 to GBX 220 and gave the company a “hold” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. began coverage on shares of Harbour Energy in a research report on Tuesday, September 2nd. They issued an “overweight” rating and a GBX 298 target price on the stock. Shore Capital reaffirmed a “no recommendation” rating on shares of Harbour Energy in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group increased their target price on shares of Harbour Energy from GBX 275 to GBX 285 and gave the company a “buy” rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 273.25.

Harbour Energy Trading Up 2.1%

Shares of LON:HBR opened at GBX 197.20 on Monday. Harbour Energy has a 52 week low of GBX 146.40 and a 52 week high of GBX 297.20. The company’s 50 day moving average is GBX 217.02 and its two-hundred day moving average is GBX 196.17. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. The company has a market cap of £2.80 billion, a PE ratio of -6.71, a P/E/G ratio of 0.04 and a beta of -0.23.

Harbour Energy declared that its Board of Directors has initiated a stock buyback program on Thursday, August 7th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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.