Premier Oil PLC Given Buy Rating at Deutsche Bank (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reissued by Deutsche Bank in a research note issued on Friday. They currently have a GBX 495 ($8.27) target price on the stock. Deutsche Bank’s price objective points to a potential upside of 47.89% from the stock’s previous close.
A number of other analysts have also recently weighed in on PMO. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Thursday. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Premier Oil PLC in a research note on Thursday. They now have a GBX 320 ($5.35) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Thursday. They now have a GBX 366 ($6.12) price target on the stock. Eleven 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 a consensus price target of GBX 359.79 ($6.01).
Premier Oil PLC (LON:PMO) traded up 1.97% during mid-day trading on Friday, hitting GBX 341.30. 1,004,548 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 has a 50-day moving average of GBX 327.2 and a 200-day moving average of GBX 321.7. The company’s market cap is £1.796 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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