Premier Oil Receives New Coverage from Analysts at Merrill Lynch (PMO)
Analysts at Merrill Lynch started coverage on shares of Premier Oil (LON:PMO) in a research report issued to clients and investors on Monday, ARN reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Premier Oil in a research note to investors on Monday. They set an “overweight” rating and a GBX 36 ($0.58) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Wednesday, October 16th. Finally, 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. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 440.98 ($7.13).
Shares of Premier Oil (LON:PMO) traded up 2.29% 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’s 50-day moving average is GBX 343.2 and its 200-day moving average is GBX 357.6. The company’s market cap is £1.798 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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