Premier Oil PLC’s “Overweight” Rating Reaffirmed at Barclays (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “overweight” rating reaffirmed by Barclays in a research note issued on Tuesday. They currently have a GBX 485 ($8.32) price objective on the stock. Barclays’ price objective points to a potential upside of 47.87% from the stock’s previous close.
Premier Oil PLC (LON:PMO) traded down 1.59% on Tuesday, hitting GBX 328.00. The stock had a trading volume of 1,416,016 shares. Premier Oil PLC has a 52-week low of GBX 267.50 and a 52-week high of GBX 374.10. The stock has a 50-day moving average of GBX 341.7 and a 200-day moving average of GBX 316.0. The company’s market cap is £1.726 billion.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Monday, June 30th. They now have a GBX 370 ($6.35) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Thursday, June 26th. They now have a GBX 515 ($8.83) price target on the stock. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.