Premier Oil PLC Given Buy Rating at Goodbody Stockbrokers Ltd (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating restated by stock analysts at Goodbody Stockbrokers Ltd in a report issued on Wednesday, American Banking and Market News reports. They currently have a GBX 440 ($7.41) target price on the stock. Goodbody Stockbrokers Ltd’s price objective indicates a potential upside of 26.40% from the stock’s previous close.
A number of other analysts have also recently weighed in on PMO. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Wednesday. They now have a GBX 500 ($8.42) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Premier Oil PLC in a research note on Wednesday. They now have a GBX 320 ($5.39) 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. They now have a GBX 375 ($6.32) price target on the stock. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 365.54 ($6.16).
Premier Oil PLC (LON:PMO) opened at 348.17 on Wednesday. Premier Oil PLC has a 1-year low of GBX 267.50 and a 1-year high of GBX 393.70. The stock has a 50-day moving average of GBX 317.0 and a 200-day moving average of GBX 309.7. The company’s market cap is £1.832 billion.
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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