Harbour Energy buyback plans fetch broker backing as shares tumble
Portfolio Pulse from
Harbour Energy PLC has received support from Stifel analysts, who reiterated a 'buy' rating and a 483p share price target, despite the company's profits being affected by taxes in 2024. The backing is based on expectations of significant share buybacks in the coming years.
March 06, 2025 | 1:45 pm
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Stifel analysts have reiterated a 'buy' rating for Harbour Energy, with a 483p target, based on expected significant buybacks, despite tax impacts on 2024 profits.
The reiteration of a 'buy' rating and a specific price target by Stifel suggests confidence in Harbour Energy's future performance, particularly due to anticipated buybacks. This positive analyst sentiment is likely to boost investor confidence and support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100