Share on StockTwits

Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Friday. They currently have a GBX 495 ($8.33) price objective on the stock. Deutsche Bank’s price objective would indicate a potential upside of 57.77% from the company’s current price.

A number of other analysts have also recently weighed in on PMO. 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. Separately, 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. Finally, analysts at Canaccord Genuity cut their price target on shares of Premier Oil PLC from GBX 400 ($6.73) to GBX 380 ($6.39) in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 355.23 ($5.98).

Shares of Premier Oil PLC (LON:PMO) traded down 1.46% on Friday, hitting GBX 313.75. 1,574,689 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 327.8 and its 200-day moving average is GBX 318.2. The company’s market cap is £1.651 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.