Liberum Capital Reiterates “Hold” Rating for Premier Oil PLC (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “hold” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Thursday. They currently have a GBX 366 ($6.12) price target on the stock. Liberum Capital’s target price would suggest a potential upside of 8.06% from the stock’s previous close.
Shares of Premier Oil PLC (LON:PMO) opened at 340.20 on Thursday. Premier Oil PLC has a 52-week low of GBX 267.50 and a 52-week high of GBX 374.10. The stock’s 50-day moving average is GBX 327.3 and its 200-day moving average is GBX 321.. The company’s market cap is £1.790 billion.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Tuesday. They now have a GBX 352 ($5.88) price target on the stock. Separately, 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. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Friday, August 15th. They now have a GBX 450 ($7.52) 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’s stock. The company has an average rating of “Buy” and an average target price of GBX 359.79 ($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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