Premier Oil PLC Stock Rating Reaffirmed by Credit Suisse (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse in a report released on Monday. They currently have a GBX 370 ($6.30) target price on the stock. Credit Suisse’s target price would suggest a potential upside of 12.09% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Thursday. They now have a GBX 515 ($8.77) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Wednesday, June 25th. They now have a GBX 420 ($7.15) price target on the stock. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Wednesday, June 25th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Premier Oil PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 355.81 ($6.06).
Premier Oil PLC (LON:PMO) opened at 333.70 on Monday. 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 343.8 and its 200-day moving average is GBX 313.8. The company’s market cap is £1.756 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.