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Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reaffirmed by analysts at Goodbody Stockbrokers Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 440 ($7.55) price objective on the stock. Goodbody Stockbrokers Ltd’s price target points to a potential upside of 32.01% from the company’s current price.

Premier Oil PLC (LON:PMO) traded down 1.35% during mid-day trading on Tuesday, hitting GBX 328.80. The stock had a trading volume of 615,939 shares. Premier Oil PLC has a 52 week low of GBX 267.50 and a 52 week high of GBX 374.10. The stock’s 50-day moving average is GBX 342.0 and its 200-day moving average is GBX 315.. The company’s market cap is £1.730 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at FirstEnergy Capital reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Tuesday. They now have a GBX 440 ($7.55) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Premier Oil PLC in a research note on Tuesday. They now have a GBX 485 ($8.32) price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Premier Oil PLC in a research note on Wednesday, July 2nd. They set a “buy” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Premier Oil PLC currently has a consensus rating of “Buy” and an average target price of GBX 361.73 ($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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