Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Harbour Energy ( (GB:HBR) ) has provided an announcement.
Harbour Energy PLC has announced the purchase and cancellation of 384,759 of its ordinary shares as part of its ongoing share buyback programme. This transaction reduces the total number of ordinary shares in issue to 1,428,718,728, potentially impacting shareholder interest notifications under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:HBR) stock is a Hold with a £219.00 price target. To see the full list of analyst forecasts on Harbour Energy stock, see the GB:HBR Stock Forecast page.
Spark’s Take on GB:HBR Stock
According to Spark, TipRanks’ AI Analyst, GB:HBR is a Neutral.
Harbour Energy’s overall stock score reflects strong operational performance and cash flow generation, as highlighted in the earnings call. However, technical indicators suggest bearish momentum, and valuation challenges persist due to recent net losses. The attractive dividend yield provides some support, but profitability concerns and industry volatility weigh on the score.
To see Spark’s full report on GB:HBR stock, click here.
More about Harbour Energy
Average Trading Volume: 3,157,902
Technical Sentiment Signal: Sell
Current Market Cap: £3.48B
For detailed information about HBR stock, go to TipRanks’ Stock Analysis page.