Premier Oil PLC (PMO) Stock Rating Reaffirmed by Jefferies Group
Premier Oil PLC (LON:PMO)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a report released on Thursday. They presently have a GBX 88 ($1.15) target price on the oil producer’s stock. Jefferies Group’s price objective points to a potential upside of 14.29% from the stock’s current price.
Several other brokerages also recently commented on PMO. Barclays PLC raised shares of Premier Oil PLC to an “overweight” rating and lifted their target price for the stock from GBX 85 ($1.11) to GBX 95 ($1.24) in a research note on Thursday, June 9th. Deutsche Bank AG reissued a “buy” rating and set a GBX 90 ($1.17) price objective on shares of Premier Oil PLC in a research report on Friday, August 19th. Beaufort Securities reissued a “speculative buy” rating on shares of Premier Oil PLC in a research report on Friday, August 19th. Credit Suisse Group AG boosted their price objective on shares of Premier Oil PLC from GBX 65 ($0.85) to GBX 70 ($0.91) and gave the company an “underperform” rating in a research report on Friday, August 19th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 136 ($1.78) price objective on shares of Premier Oil PLC in a research report on Thursday, August 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Premier Oil PLC has an average rating of “Hold” and a consensus price target of GBX 99.69 ($1.30).
Shares of Premier Oil PLC (LON:PMO) traded up 3.70% during mid-day trading on Thursday, hitting GBX 77.00. 11,093,680 shares of the stock traded hands. The company’s market capitalization is GBX 393.32 million. The company’s 50-day moving average price is GBX 68.98 and its 200 day moving average price is GBX 65.98. Premier Oil PLC has a 1-year low of GBX 19.00 and a 1-year high of GBX 96.95.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/premier-oil-plc-pmo-stock-rating-reaffirmed-by-jefferies-group.html
About Premier Oil PLC
Premier Oil plc is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia, Pakistan, the Falkland Islands and Latin America. The Company is engaged in the business of upstream oil and gas exploration and production. The Company’s operations are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan (including Mauritania), the United Kingdom, Vietnam and the Rest of the World.
Receive News & Ratings for Premier Oil PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier Oil PLC and related companies with MarketBeat.com's FREE daily email newsletter.