Premier Oil Price Target Cut to GBX 450 by Analysts at Canaccord Genuity (PMO)
Investment analysts at Canaccord Genuity dropped their price objective on shares of Premier Oil (LON:PMO) from GBX 500 ($8.24) to GBX 450 ($7.42) in a note issued to investors on Wednesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 46.10% from the stock’s previous close.
PMO has been the subject of a number of other recent research reports. Analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Tuesday. They now have a GBX 450 ($7.42) price target on the stock. Separately, 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. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Premier Oil in a research note to investors on Friday, January 10th. They now have a GBX 300 ($4.94) price target on the stock. Two 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. Premier Oil has a consensus rating of “Buy” and a consensus target price of GBX 413.47 ($6.81).
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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