Premier Oil Stock Rating Reaffirmed by Citigroup Inc. (PMO)
Premier Oil (LON:PMO)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc. in a report released on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 440 ($7.10) price target on the stock. Citigroup Inc.’s price objective suggests a potential upside of 34.27% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura cut their price target on shares of Premier Oil (LON:PMO) from GBX 550 ($8.87) to GBX 450 ($7.26) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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 Liberum Capital cut their price target on shares of Premier Oil (LON:PMO) from GBX 313 ($5.05) to GBX 300 ($4.84) in a research note to investors on Tuesday, August 27th. They now have a “sell” rating on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 482.60 ($7.79).
Shares of Premier Oil (LON:PMO) traded down 0.61% on Wednesday, hitting GBX 325.70. The stock had a trading volume of 1,800,242 shares. Premier Oil has a one year low of GBX 314.30 and a one year high of GBX 405.00. The stock’s 50-day moving average is GBX 357.9 and its 200-day moving average is GBX 366.0. The company’s market cap is £1.723 billion.
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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