Harbour Energy (LON:HBR) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Harbour Energy (LON:HBR) had its price target upped by equities researchers at Berenberg Bank from GBX 195 to GBX 225 in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential downside of 0.27% from the company’s current price.

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

Harbour Energy Price Performance

HBR stock opened at GBX 225.60 on Tuesday. The stock’s 50 day moving average price is GBX 205.25 and its 200 day moving average price is GBX 212.27. The firm has a market cap of £3.16 billion, a P/E ratio of -7.67, a PEG ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. Harbour Energy has a 1 year low of GBX 146.40 and a 1 year high of GBX 246.25.

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.