Harbour Energy (LON:HBR) Hits New 1-Year High – Here’s Why

Harbour Energy plc (LON:HBR)’s stock price hit a new 52-week high on Friday . The stock traded as high as GBX 250 and last traded at GBX 244, with a volume of 14169252 shares changing hands. The stock had previously closed at GBX 243.80.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HBR. Peel Hunt restated a “buy” rating and set a GBX 270 price objective on shares of Harbour Energy in a research report on Monday, December 15th. Berenberg Bank upped their target price on shares of Harbour Energy from GBX 195 to GBX 225 and gave the stock a “hold” rating in a report on Tuesday, January 27th. Finally, Canaccord Genuity Group raised their price target on Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 280.60.

Harbour Energy Trading Up 3.9%

The stock has a market cap of £3.54 billion, a P/E ratio of -8.62, a P/E/G 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. The stock’s fifty day moving average is GBX 214.36 and its 200 day moving average is GBX 215.97.

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.