Premier Oil’s Sell Rating Reaffirmed at Liberum Capital (PMO)
Premier Oil (LON:PMO)‘s stock had its “sell” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 300 ($4.84) price target on the stock. Liberum Capital’s price objective would indicate a potential downside of 7.75% from the company’s current price.
Premier Oil (LON:PMO) traded down 0.76% during mid-day trading on Wednesday, hitting GBX 325.2168. 2,735,516 shares of the company’s stock traded hands. Premier Oil has a one year low of GBX 314.30 and a one 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.
Several other analysts have also recently commented on the stock. 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). Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Premier Oil (LON:PMO) in a research note to investors on Friday, August 23rd. They now have a GBX 520 ($8.39) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Premier Oil (LON:PMO) from GBX 560 ($9.04) to GBX 592 ($9.55) in a research note to investors on Friday, August 23rd. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price 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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