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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.

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