Canaccord Genuity Increases Premier Oil PLC Price Target to GBX 390 (PMO)
Investment analysts at Canaccord Genuity upped their price target on shares of Premier Oil PLC (LON:PMO) from GBX 380 ($6.31) to GBX 390 ($6.47) in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 10.83% from the stock’s previous close.
Shares of Premier Oil PLC (LON:PMO) opened at 349.10 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’s 50-day moving average is GBX 330.2 and its 200-day moving average is GBX 324.8. The company’s market cap is £1.840 billion.
A number of other analysts have also recently weighed in on PMO. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Monday. They now have a GBX 460 ($7.63) price target on the stock. Separately, 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. Finally, 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. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Premier Oil PLC currently has a consensus rating of “Buy” and an average target price of GBX 360.26 ($5.98).
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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