Harbour Energy (LON:HBR) PT Raised to GBX 385 at Canaccord Genuity Group

Harbour Energy (LON:HBR) had its price target lifted by analysts at Canaccord Genuity Group from GBX 360 ($4.61) to GBX 385 ($4.93) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 25.20% from the company’s current price.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 350 ($4.48) target price on shares of Harbour Energy in a report on Thursday, April 18th.

Harbour Energy Stock Performance

Shares of LON:HBR opened at GBX 307.50 ($3.94) on Thursday. The firm’s 50 day simple moving average is GBX 307.27 and its 200 day simple moving average is GBX 290.07. Harbour Energy has a fifty-two week low of GBX 210.50 ($2.70) and a fifty-two week high of GBX 333.90 ($4.28). The company has a market capitalization of £2.35 billion, a price-to-earnings ratio of 10,250.00, a P/E/G ratio of 0.04 and a beta of -0.29. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33.

Insider Transactions at Harbour Energy

In other news, insider Linda Cook sold 170,746 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of GBX 282 ($3.61), for a total value of £481,503.72 ($616,758.96). 33.48% of the stock is currently owned by insiders.

About Harbour Energy

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.