Premier Oil Given Buy Rating at Numis Securities Ltd (PMO)
Premier Oil (LON:PMO)‘s stock had its “buy” rating restated by equities researchers at Numis Securities Ltd in a research report issued on Wednesday, Stock Ratings Network reports. They currently have a GBX 388 ($6.37) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 37.30% from the stock’s previous close.
Shares of Premier Oil (LON:PMO) traded down 0.92% on Wednesday, hitting GBX 280.00. The stock had a trading volume of 1,558,001 shares. Premier Oil has a 52 week low of GBX 280.40 and a 52 week high of GBX 405.00. The stock has a 50-day moving average of GBX 303.9 and a 200-day moving average of GBX 334.6. The company’s market cap is £1.481 billion.
A number of other analysts have also recently weighed in on PMO. Analysts at Credit Suisse cut their price target on shares of Premier Oil from GBX 381 ($6.25) to GBX 376 ($6.17) in a research note to investors on Friday, January 17th. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Premier Oil from GBX 400 ($6.57) to GBX 350 ($5.75) in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Premier Oil in a research note to investors on Friday, January 17th. They now have a GBX 535 ($8.78) price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 402.24 ($6.60).
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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