Premier Oil Given New GBX 500 Price Target at Deutsche Bank (PMO)
Investment analysts at Deutsche Bank lowered their price target on shares of Premier Oil (LON:PMO) from GBX 520 ($8.57) to GBX 500 ($8.24) in a note issued to investors on Friday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 73.61% from the company’s current price.
A number of other firms have also recently commented on PMO. Analysts at Societe Generale downgraded shares of Premier Oil to a “hold” rating in a research note to investors on Thursday. They now have a GBX 320 ($5.27) price target on the stock, down previously from GBX 385 ($6.34). Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Wednesday. They now have a GBX 450 ($7.42) price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 404.68 ($6.67).
Premier Oil (LON:PMO) traded down 0.07% on Friday, hitting GBX 287.80. 2,258,519 shares of the company’s stock traded hands. Premier Oil has a 1-year low of GBX 291.30 and a 1-year high of GBX 405.00. The stock’s 50-day moving average is GBX 305.5 and its 200-day moving average is GBX 335.. The company’s market cap is £1.523 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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