Premier Oil PLC Given Consensus Rating of “Buy” by Brokerages (LON:PMO)
Shares of Premier Oil PLC (LON:PMO) have earned a consensus recommendation of “Buy” from the thirty-one brokerages that are presently covering the stock, Analyst Ratings News reports. Eleven investment analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 355.23 ($5.98).
A number of analysts have recently weighed in on PMO shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Friday. They now have a GBX 495 ($8.33) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Friday, August 1st. They now have a GBX 350 ($5.89) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Monday, July 28th. They now have a GBX 370 ($6.23) price target on the stock.
Premier Oil PLC (LON:PMO) opened at 315.10 on Monday. 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 328.6 and its 200-day moving average is GBX 318.2. The company’s market cap is £1.658 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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