Premier Oil Rating Reiterated by Barclays (PMO)
Premier Oil (LON:PMO)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Tuesday, Analyst RN reports. They currently have a GBX 535 ($8.79) target price on the stock. Barclays’ target price suggests a potential upside of 83.79% from the company’s current price.
A number of other firms have also recently commented on PMO. Analysts at Societe Generale reiterated a “hold” rating on shares of Premier Oil in a research note to investors on Monday. They now have a GBX 320 ($5.26) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Monday. They now have a GBX 388 ($6.38) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Premier Oil to a “neutral” rating in a research note to investors on Thursday, January 30th. They now have a GBX 325 ($5.34) price target on the stock, down previously from GBX 430 ($7.07). One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 386.80 ($6.36).
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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