Premier Oil PLC Receives “Buy” Rating from Deutsche Bank (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Thursday. They currently have a GBX 515 ($8.76) price objective on the stock. Deutsche Bank’s target price points to a potential upside of 59.89% from the company’s current price.
A number of other analysts have also recently weighed in on PMO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Wednesday. They now have a GBX 420 ($7.15) price target on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Wednesday. Finally, 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 ($5.45) price target on the stock. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 355.81 ($6.06).
Premier Oil PLC (LON:PMO) traded up 1.15% during mid-day trading on Thursday, hitting GBX 325.80. 1,422,789 shares of the company’s stock traded hands. Premier Oil PLC has a 1-year low of GBX 267.50 and a 1-year high of GBX 374.10. The stock’s 50-day moving average is GBX 344.3 and its 200-day moving average is GBX 313.7. The company’s market cap is £1.714 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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