Deutsche Bank Reiterates “Buy” Rating for Premier Oil PLC (PMO)
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.
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