Canaccord Genuity Group Lowers Harbour Energy (LON:HBR) Price Target to GBX 260

Harbour Energy (LON:HBR) had its target price cut by Canaccord Genuity Group from GBX 360 ($4.65) to GBX 260 ($3.36) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Shore Capital reiterated a “not rated” rating on shares of Harbour Energy in a research report on Thursday, January 23rd.

Harbour Energy Price Performance

HBR stock opened at GBX 189.60 ($2.45) on Friday. The company’s fifty day moving average price is GBX 239.58 and its 200-day moving average price is GBX 255.35. Harbour Energy has a one year low of GBX 177.90 ($2.30) and a one year high of GBX 333.90 ($4.32). The company has a market capitalization of £3.40 billion, a PE ratio of 59.61, a price-to-earnings-growth 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.

Insider Buying and Selling

In other Harbour Energy news, insider Simon Henry purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of GBX 198 ($2.56) per share, for a total transaction of £19,800 ($25,594.62). Also, insider Alan M. Ferguson acquired 21,436 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of GBX 187 ($2.42) per share, for a total transaction of £40,085.32 ($51,816.60). 64.08% of the stock is owned by insiders.

Harbour Energy Company Profile

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.