Peel Hunt Reaffirms “Buy” Rating for Harbour Energy (LON:HBR)

Harbour Energy (LON:HBR)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a report released on Monday,Digital Look reports. They presently have a GBX 270 price objective on the stock. Peel Hunt’s target price points to a potential upside of 29.93% from the stock’s current price.

HBR has been the topic of a number of other research reports. Jefferies Financial Group boosted their price target on Harbour Energy from GBX 240 to GBX 290 and gave the stock a “buy” rating in a research note on Monday, October 20th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 282 price objective on shares of Harbour Energy in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. began coverage on Harbour Energy in a research report on Tuesday, September 2nd. They issued an “overweight” rating and a GBX 298 target price on the stock. 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, Harbour Energy presently has an average rating of “Moderate Buy” and a consensus price target of GBX 272.

Harbour Energy Stock Down 0.4%

Shares of LON:HBR traded down GBX 0.80 during trading on Monday, reaching GBX 207.80. The stock had a trading volume of 21,989,457 shares, compared to its average volume of 7,783,356. The firm’s 50-day simple moving average is GBX 214.88 and its 200 day simple moving average is GBX 211.22. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. Harbour Energy has a one year low of GBX 146.40 and a one year high of GBX 297.20. The company has a market capitalization of £2.92 billion, a P/E ratio of -7.07, a PEG ratio of 0.04 and a beta of -0.23.

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.