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Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reaffirmed by research analysts at Goodbody Stockbrokers Ltd in a report released on Wednesday. They currently have a GBX 440 ($7.30) price objective on the stock. Goodbody Stockbrokers Ltd’s price objective would suggest a potential upside of 26.44% from the stock’s previous close.

Premier Oil PLC (LON:PMO) opened at 350.00 on Wednesday. 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 330.7 and its 200-day moving average is GBX 325.2. The company’s market cap is £1.845 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Premier Oil PLC from GBX 380 ($6.31) to GBX 390 ($6.47) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at HSBC reiterated an “overweight” rating on shares of Premier Oil PLC in a research note on Friday, August 29th. They now have a GBX 440 ($7.30) price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target 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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