Premier Oil PLC Given Buy Rating at Numis Securities Ltd (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Thursday, AmericanBankingNews.com reports. They currently have a GBX 375 ($6.28) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 28.69% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Premier Oil PLC in a research note on Wednesday. They now have a GBX 325 ($5.45) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Thursday, February 13th. They now have a GBX 320 ($5.36) price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Premier Oil PLC from GBX 376 ($6.30) to GBX 370 ($6.20) in a research note on Wednesday, February 12th. They now have an “outperform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 381.93 ($6.40).
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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