Premier Oil PLC Receives Outperform Rating from Sanford C. Bernstein (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a research report issued on Friday. They currently have a GBX 460 ($7.74) price objective on the stock. Sanford C. Bernstein’s price objective indicates a potential upside of 44.88% from the company’s current price.
Premier Oil PLC (LON:PMO) opened at 314.30 on Friday. 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 328.6 and a 200-day moving average of GBX 318.2. The company’s market cap is £1.654 billion.
PMO has been the subject of a number of other recent research reports. 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. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Premier Oil PLC has an average rating of “Buy” and a consensus target price of GBX 355.23 ($5.98).
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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