Premier Oil PLC’s “Hold” Rating Reiterated at Societe Generale (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “hold” rating restated by research analysts at Societe Generale in a report released on Monday. They currently have a GBX 350 ($5.85) price target on the stock. Societe Generale’s target price suggests a potential upside of 3.92% from the company’s current price.
Shares of Premier Oil PLC (LON:PMO) opened at 339.56 on Monday. 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 326.5 and its 200-day moving average is GBX 319.6. The company’s market cap is £1.787 billion.
A number of other analysts have also recently weighed in on PMO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Friday. They now have a GBX 450 ($7.52) 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, August 11th. They now have a GBX 370 ($6.19) price target on the stock. Finally, 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 ($7.69) price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Premier Oil PLC currently has a consensus rating of “Buy” and an average price target of GBX 359.74 ($6.01).
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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