Liberum Capital Reiterates “Hold” Rating for Premier Oil PLC (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “hold” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Thursday, Analyst Ratings Network reports. They currently have a GBX 320 ($5.25) target price on the stock. Liberum Capital’s price target would indicate a potential upside of 11.81% from the company’s current price.
Premier Oil PLC (LON:PMO) traded down 1.41% on Thursday, hitting GBX 286.20. The stock had a trading volume of 884,391 shares. Premier Oil PLC has a one year low of GBX 267.50 and a one year high of GBX 405.00. The stock has a 50-day moving average of GBX 295.9 and a 200-day moving average of GBX 326.1. The company’s market cap is £1.514 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Premier Oil PLC from GBX 376 ($6.17) to GBX 370 ($6.07) in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG downgraded shares of Premier Oil PLC to a “neutral” rating in a research note on Monday. They now have a GBX 315 ($5.17) price target on the stock, down previously from GBX 350 ($5.74). Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Premier Oil PLC presently has an average rating of “Buy” and an average price target of GBX 382.52 ($6.28).
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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