Liberum Capital Reiterates Hold Rating for Premier Oil (PMO)
Premier Oil (LON:PMO)‘s stock had its “hold” rating reaffirmed by Liberum Capital in a research note issued on Friday, Analyst Ratings Net reports. They currently have a GBX 300 ($4.92) price target on the stock. Liberum Capital’s price objective suggests a potential downside of 4.88% from the stock’s previous close.
A number of other firms have also recently commented on PMO. Analysts at Deutsche Bank cut their price target on shares of Premier Oil from GBX 592 ($9.71) to GBX 520 ($8.53) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Monday, December 16th. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Premier Oil from GBX 500 ($8.20) to GBX 430 ($7.05) in a research note to investors on Wednesday, December 11th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 414.49 ($6.80).
Premier Oil (LON:PMO) traded up 2.90% during mid-day trading on Friday, hitting GBX 315.40. 1,149,132 shares of the company’s stock traded hands. Premier Oil has a one year low of GBX 291.30 and a one year high of GBX 405.00. The stock has a 50-day moving average of GBX 307.1 and a 200-day moving average of GBX 336.6. The company’s market cap is £1.669 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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