Premier Oil PLC’s Outperform Rating Reaffirmed at RBC Capital (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating restated by equities researchers at RBC Capital in a research report issued on Friday. They currently have a GBX 450 ($7.55) price target on the stock. RBC Capital’s target price suggests a potential upside of 39.41% from the stock’s previous close.
PMO has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Monday. They now have a GBX 370 ($6.21) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Friday, August 8th. They now have a GBX 460 ($7.72) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Friday, August 8th. They now have a GBX 495 ($8.30) price target on the stock. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 359.74 ($6.03).
Shares of Premier Oil PLC (LON:PMO) opened at 340.00 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 326.1 and a 200-day moving average of GBX 319.5. The company’s market cap is £1.789 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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