Beaufort Securities Reiterates Buy Rating for Premier Oil PLC (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating restated by research analysts at Beaufort Securities in a report released on Tuesday, Stock Ratings Network reports.
Shares of Premier Oil PLC (LON:PMO) traded up 2.37% on Tuesday, hitting GBX 337.20. 2,056,379 shares of the company’s stock traded hands. Premier Oil PLC has a one year low of GBX 267.50 and a one year high of GBX 400.80. The stock’s 50-day moving average is GBX 306. and its 200-day moving average is GBX 309.0. The company’s market cap is £1.774 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Premier Oil PLC from GBX 425 ($7.14) to GBX 375 ($6.30) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Monday. They now have a GBX 320 ($5.38) price target on the stock. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Friday. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 368.75 ($6.20).
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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