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Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 375 ($6.32) target price on the stock. Numis Securities Ltd’s price target indicates a potential upside of 7.88% from the stock’s previous close.

Shares of Premier Oil PLC (LON:PMO) traded down 0.58% during mid-day trading on Tuesday, hitting GBX 345.60. The stock had a trading volume of 445,308 shares. Premier Oil PLC has a 1-year low of GBX 267.50 and a 1-year high of GBX 394.70. The stock has a 50-day moving average of GBX 316.2 and a 200-day moving average of GBX 309.7. The company’s market cap is £1.818 billion.

PMO has been the subject of a number of other recent research reports. Analysts at Societe Generale reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Wednesday, May 7th. They now have a GBX 340 ($5.73) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Tuesday, May 6th. They now have a GBX 370 ($6.23) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Premier Oil PLC in a research note on Wednesday, April 30th. They now have a GBX 320 ($5.39) price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Premier Oil PLC currently has an average rating of “Buy” and an average target price of GBX 362.16 ($6.10).

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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