Premier Oil PLC’s “Outperform” Rating Reiterated at Sanford C. Bernstein (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating restated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Monday. They currently have a GBX 460 ($7.63) price objective on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 32.18% from the company’s current price.
Premier Oil PLC (LON:PMO) opened at 352.40 on Monday. 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 329.4 and a 200-day moving average of GBX 323.9. The company’s market cap is £1.857 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC reiterated an “overweight” rating on shares of Premier Oil PLC in a research note on Friday. They now have a GBX 440 ($7.30) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Wednesday, August 27th. They now have a GBX 352 ($5.84) 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 investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 359.79 ($5.97).
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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