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

Harbour Energy (LON:HBR) had its target price lowered by Canaccord Genuity Group from GBX 360 ($4.65) to GBX 260 ($3.36) in a research note issued to investors on Friday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

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

Harbour Energy Stock Performance

LON HBR opened at GBX 189.60 ($2.45) on Friday. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. The firm’s 50 day simple moving average is GBX 239.58 and its 200 day simple moving average is GBX 255.35. The firm has a market capitalization of £3.40 billion, a price-to-earnings ratio of 59.61, a P/E/G ratio of 0.04 and a beta of -0.23. Harbour Energy has a 1 year low of GBX 177.90 ($2.30) and a 1 year high of GBX 333.90 ($4.32).

Insider Transactions at Harbour Energy

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