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Harbour Energy ( (GB:HBR) ) has issued an announcement.
Harbour Energy PLC has announced the purchase and cancellation of 420,000 of its ordinary shares as part of its ongoing share buyback program. This transaction reduces the total number of ordinary shares in issue to 1,424,662,165, potentially impacting shareholder interests and aligning with regulatory requirements.
The most recent analyst rating on (GB:HBR) stock is a Hold with a £212.00 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 score is driven by strong earnings call performance and financial stability, despite technical weakness and valuation concerns. The company’s operational efficiency and cash flow improvements are significant positives, but profitability and market momentum remain challenges.
To see Spark’s full report on GB:HBR stock, click here.
More about Harbour Energy
Average Trading Volume: 3,488,429
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.22B
See more data about HBR stock on TipRanks’ Stock Analysis page.