Premier Oil Receives “Outperform” Rating from RBC Capital (PMO)
Premier Oil (LON:PMO)‘s stock had its “outperform” rating reiterated by equities researchers at RBC Capital in a research report issued on Tuesday, Analyst Ratings Net reports. They currently have a GBX 570 ($9.10) price objective on the stock. RBC Capital’s price target would suggest a potential upside of 70.15% from the stock’s previous close.
Premier Oil (LON:PMO) traded up 0.51% during mid-day trading on Tuesday, hitting GBX 335.00. The stock had a trading volume of 1,170,098 shares. Premier Oil has a 52-week low of GBX 314.30 and a 52-week 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 £1.772 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Monday. They now have a GBX 500 ($7.98) price target on the stock. Separately, analysts at ISI Group initiated coverage on shares of Premier Oil in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a GBX 33.50 ($0.53) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Friday, October 4th. They now have a GBX 592 ($9.45) price target on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company’s stock. Premier Oil currently has a consensus rating of “Buy” and an average target price of GBX 460.26 ($7.35).
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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