Premier Oil Receives Buy Rating from Goodbody Stockbrokers Ltd (PMO)
Premier Oil (LON:PMO)‘s stock had its “buy” rating reaffirmed by equities researchers at Goodbody Stockbrokers Ltd in a research report issued on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 450 ($7.42) target price on the stock. Goodbody Stockbrokers Ltd’s target price would indicate a potential upside of 43.68% from the stock’s previous close.
Premier Oil (LON:PMO) traded down 0.79% on Tuesday, hitting GBX 313.20. 1,019,106 shares of the company’s stock traded hands. Premier Oil has a 52-week low of GBX 291.30 and a 52-week high of GBX 405.00. The stock’s 50-day moving average is GBX 306.7 and its 200-day moving average is GBX 336.. The company’s market cap is £1.657 billion.
PMO has been the subject of a number of other recent research reports. Analysts at Nomura cut their price target on shares of Premier Oil from GBX 450 ($7.42) to GBX 440 ($7.25) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Premier Oil in a research note to investors on Friday. They now have a GBX 300 ($4.94) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Premier Oil from GBX 592 ($9.76) to GBX 520 ($8.57) in a research note to investors on Wednesday, January 8th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 415.55 ($6.85).
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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