Premier Oil PLC Rating Reiterated by Credit Suisse (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse in a report released on Monday, Stock Ratings Network.com reports. They currently have a GBX 370 ($6.13) price target on the stock. Credit Suisse’s target price suggests a potential upside of 19.86% from the stock’s previous close.
Shares of Premier Oil PLC (LON:PMO) traded up 2.04% during mid-day trading on Monday, hitting GBX 315.00. The stock had a trading volume of 1,360,386 shares. Premier Oil PLC has a 52-week low of GBX 267.50 and a 52-week high of GBX 403.20. The stock has a 50-day moving average of GBX 300.9 and a 200-day moving average of GBX 311.4. The company’s market cap is £1.667 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, May 21st. Shareholders of record on Wednesday, April 16th will be given a dividend of GBX 5 ($0.08) per share. This represents a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, April 16th.
PMO has been the subject of a number of other recent research reports. Analysts at HSBC cut their price target on shares of Premier Oil PLC from GBX 524 ($8.69) to GBX 440 ($7.29) in a research note on Tuesday, April 1st. They now have an “overweight” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Wednesday, March 19th. They now have a GBX 460 ($7.63) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Tuesday, March 18th. They now have a GBX 375 ($6.22) price target on the stock. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 375.36 ($6.22).
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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