Harbour Energy plc (LON:HBR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Market consensus: Five analysts give Harbour Energy a consensus rating of "Moderate Buy" (three buys, two holds) with an average 12‑month price target of GBX 276.60.
• Large insider sale: Insider Blair Thomas sold 60,000,000 shares at GBX 255 on March 11, raising £153,000,000; corporate insiders now own 1.96% of the company.
• Valuation snapshot: HBR opened at GBX 294.48 with a market cap of £4.62 billion, a negative P/E of -10.02, and a 12‑month range of GBX 146.40–321.00.

Shares of Harbour Energy plc (LON:HBR - Get Free Report) have earned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 276.60.

A number of equities analysts have recently commented on HBR shares. Canaccord Genuity Group lifted their price target on shares of Harbour Energy from GBX 292 to GBX 320 and gave the company a "buy" rating in a research report on Thursday, December 18th. Peel Hunt reaffirmed a "buy" rating and set a GBX 270 price objective on shares of Harbour Energy in a report on Monday, December 15th. Berenberg Bank reiterated a "hold" rating and issued a GBX 225 target price on shares of Harbour Energy in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Harbour Energy from GBX 270 to GBX 278 and gave the stock a "neutral" rating in a report on Wednesday, March 11th.

Harbour Energy Stock Up 0.2%

HBR opened at GBX 294.48 on Wednesday. The firm has a market cap of £4.62 billion, a P/E ratio of -10.02, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 20.81, a quick ratio of 0.33 and a current ratio of 1.04. The business has a 50 day moving average price of GBX 245.12 and a 200 day moving average price of GBX 222.88. Harbour Energy has a twelve month low of GBX 146.40 and a twelve month high of GBX 321.

Insider Activity

In other news, insider Blair Thomas sold 60,000,000 shares of Harbour Energy stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of GBX 255, for a total value of £153,000,000. Corporate insiders own 1.96% of the company's stock.

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.

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