Premier Oil Now Covered by JPMorgan Chase & Co. (PMO)
Analysts at JPMorgan Chase & Co. assumed coverage on shares of Premier Oil (LON:PMO) in a research report issued to clients and investors on Monday, Stock Ratings Network reports. The firm set an “overweight” rating and a GBX 36 ($0.58) price target on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 89.41% from the stock’s previous close.
Premier Oil (LON:PMO) traded up 2.29% during mid-day trading on Monday, hitting GBX 339.80. The stock had a trading volume of 1,604,899 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 343.2 and a 200-day moving average of GBX 357.6. The company’s market cap is £1.798 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Wednesday, October 16th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Tuesday, October 15th. They now have a GBX 592 ($9.57) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Oil in a research note to investors on Tuesday, October 15th. They now have a GBX 570 ($9.22) price target on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 440.98 ($7.13).
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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