Premier Oil PLC Stock Rating Reaffirmed by HSBC (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “overweight” rating reissued by HSBC in a research note issued on Friday. They currently have a GBX 440 ($7.28) price objective on the stock. HSBC’s target price indicates a potential upside of 25.75% from the stock’s previous close.
Shares of Premier Oil PLC (LON:PMO) opened at 350.90 on Friday. 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 328.7 and a 200-day moving average of GBX 323.8. The company’s market cap is £1.850 billion.
A number of other firms have also recently commented on PMO. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Wednesday. They now have a GBX 352 ($5.82) 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 22nd. They now have a GBX 460 ($7.61) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Friday, August 22nd. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 359.79 ($5.95).
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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