Harbour Energy (LON:HBR) Receives Hold Rating from Berenberg Bank

Harbour Energy (LON:HBR)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 245 price objective on the stock. Berenberg Bank’s target price points to a potential downside of 0.89% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 295 price objective on shares of Harbour Energy in a report on Friday, May 8th. Canaccord Genuity Group cut their price objective on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a GBX 351 target price on shares of Harbour Energy in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 312.67.

Harbour Energy Stock Up 6.5%

Shares of LON HBR opened at GBX 247.20 on Thursday. The firm has a fifty day simple moving average of GBX 240.96 and a two-hundred day simple moving average of GBX 256.82. Harbour Energy has a 12 month low of GBX 182 and a 12 month high of GBX 321. 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 firm has a market capitalization of £3.88 billion, a PE ratio of -15.45, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23.

Insiders Place Their Bets

In other Harbour Energy news, insider Blair Thomas sold 54,775,572 shares of Harbour Energy stock in a transaction on Friday, July 3rd. The stock was sold at an average price of GBX 205, for a total transaction of £112,289,922.60. 1.78% of the stock is currently owned by company insiders.

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.