Premier Oil PLC Stock Rating Reaffirmed by Numis Securities Ltd (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “hold” rating reiterated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 352 ($5.88) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 2.80% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Monday. They now have a GBX 350 ($5.85) price target on the stock. Separately, 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. Finally, 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. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 359.79 ($6.01).
Shares of Premier Oil PLC (LON:PMO) opened at 339.60 on Tuesday. Premier Oil PLC has a 1-year low of GBX 267.50 and a 1-year high of GBX 374.10. The stock has a 50-day moving average of GBX 326.8 and a 200-day moving average of GBX 320.6. The company’s market cap is £1.787 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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