Premier Oil PLC Rating Reiterated by Deutsche Bank (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Thursday. They currently have a GBX 515 ($8.83) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 56.18% from the stock’s previous close.
A number of other firms have also recently commented on PMO. Analysts at Liberum Capital raised their price target on shares of Premier Oil PLC from GBX 303 ($5.20) to GBX 366 ($6.28) in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” 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. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Premier Oil PLC presently has a consensus rating of “Buy” and an average price target of GBX 359.03 ($6.16).
Shares of Premier Oil PLC (LON:PMO) traded up 1.99% during mid-day trading on Thursday, hitting GBX 329.7432. The stock had a trading volume of 2,111,976 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 340. and its 200-day moving average is GBX 316.1. The company’s market cap is £1.735 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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