Premier Oil PLC Stock Rating Reaffirmed by Credit Suisse (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Monday. They currently have a GBX 370 ($6.33) price target on the stock. Credit Suisse’s target price suggests a potential upside of 12.63% from the company’s current price.
Premier Oil PLC (LON:PMO) traded up 1.23% during mid-day trading on Monday, hitting GBX 328.50. 484,916 shares of the company’s stock traded hands. 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 339.2 and its 200-day moving average is GBX 316.4. The company’s market cap is £1.728 billion.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Thursday. They now have a GBX 340 ($5.82) 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 Thursday. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Premier Oil PLC in a research note on Thursday. They now have a GBX 320 ($5.48) price target on the stock. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 358.03 ($6.13).
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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