Premier Oil PT Lowered to GBX 450 (PMO)
Equities research analysts at Nomura lowered their price target on shares of Premier Oil (LON:PMO) from GBX 550 ($8.87) to GBX 450 ($7.26) in a research note issued to investors on Wednesday, ARN reports. The firm currently has a “buy” rating on the stock. Nomura’s target price suggests a potential upside of 38.37% from the company’s current price.
Shares of Premier Oil (LON:PMO) traded down 0.76% on Wednesday, hitting GBX 325.2168. The stock had a trading volume of 2,735,516 shares. Premier Oil has a 1-year low of GBX 314.30 and a 1-year high of GBX 405.00. The stock has a 50-day moving average of GBX 357.9 and a 200-day moving average of GBX 366.0. The company’s market cap is £1.721 billion.
PMO has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “sell” rating on shares of Premier Oil (LON:PMO) in a research note to investors on Wednesday. They now have a GBX 300 ($4.84) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Oil (LON:PMO) in a research note to investors on Friday, August 23rd. They now have a GBX 570 ($9.20) price target on the stock, down previously from GBX 600 ($9.68). Three research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 482.60 ($7.79).
Premier Oil plc (LON:PMO) is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia and in the Middle East, Africa and Pakistan regions.
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