Premier Oil PLC Rating Reiterated by Deutsche Bank (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a GBX 515 ($8.63) target price on the stock. Deutsche Bank’s price objective suggests a potential upside of 47.15% from the company’s current price.
A number of other analysts have also recently weighed in on PMO. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Wednesday. They now have a GBX 350 ($5.87) 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 ($5.36) 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 Monday. They now have a GBX 422 ($7.07) price target on the stock. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 363.31 ($6.09).
Shares of Premier Oil PLC (LON:PMO) opened at 347.40 on Wednesday. Premier Oil PLC has a one year low of GBX 267.50 and a one year high of GBX 374.10. The stock’s 50-day moving average is GBX 336.0 and its 200-day moving average is GBX 310.. The company’s market cap is £1.828 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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