Berenberg Bank Reaffirms Hold Rating for Harbour Energy (LON:HBR)

Harbour Energy (LON:HBR)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a report released on Thursday, MarketBeat.com reports. They presently have a GBX 225 price objective on the stock. Berenberg Bank’s target price suggests a potential downside of 22.04% from the company’s current price.

Several other analysts have also commented on the company. Canaccord Genuity Group lifted their price objective on Harbour Energy from GBX 292 to GBX 320 and gave the stock a “buy” rating in a report on Thursday, December 18th. Peel Hunt restated a “buy” rating and issued a GBX 270 price target on shares of Harbour Energy in a research report on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 280.60.

Harbour Energy Trading Up 1.1%

LON:HBR opened at GBX 288.60 on Thursday. The company has a market cap of £4.03 billion, a PE ratio of -9.82, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company has a current ratio of 1.04, a quick ratio of 0.33 and a debt-to-equity ratio of 20.81. The company has a 50 day simple moving average of GBX 222.25 and a two-hundred day simple moving average of GBX 217.71. Harbour Energy has a 12 month low of GBX 146.40 and a 12 month high of GBX 292.85.

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.