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Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating reiterated by stock analysts at RBC Capital in a report issued on Wednesday. They currently have a GBX 450 ($7.57) price objective on the stock. RBC Capital’s price objective would suggest a potential upside of 30.78% from the company’s current price.

Shares of Premier Oil PLC (LON:PMO) opened at 347.20 on Wednesday. Premier Oil PLC has a 52-week low of GBX 267.50 and a 52-week high of GBX 383.40. The stock has a 50-day moving average of GBX 324.2 and a 200-day moving average of GBX 309.8. The company’s market cap is £1.827 billion.

A number of other analysts have also recently weighed in on PMO. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Thursday, May 15th. Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Wednesday, May 14th. Finally, analysts at Canaccord Genuity raised their price target on shares of Premier Oil PLC from GBX 375 ($6.31) to GBX 390 ($6.56) in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Premier Oil PLC has a consensus rating of “Buy” and a consensus target price of GBX 368.52 ($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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