Premier Oil PLC (PMO) PT Raised to GBX 67 at Deutsche Bank AG
Premier Oil PLC (LON:PMO) had its price target hoisted by equities research analysts at Deutsche Bank AG from GBX 65 ($0.85) to GBX 67 ($0.88) in a research report issued on Friday. The firm currently has a “hold” rating on the oil producer’s stock. Deutsche Bank AG’s target price points to a potential upside of 3.47% from the company’s current price.
Other analysts have also issued research reports about the stock. Peel Hunt reiterated a “buy” rating and set a GBX 80 ($1.05) price target on shares of Premier Oil PLC in a research report on Tuesday, September 12th. Jefferies Group LLC upgraded shares of Premier Oil PLC to a “buy” rating and increased their price target for the stock from GBX 68 ($0.89) to GBX 90 ($1.18) in a research report on Tuesday, August 29th. Barclays PLC increased their price target on shares of Premier Oil PLC from GBX 57 ($0.75) to GBX 72 ($0.95) and gave the stock an “equal weight” rating in a research report on Friday, July 14th. Finally, Royal Bank Of Canada increased their price target on shares of Premier Oil PLC from GBX 75 ($0.99) to GBX 80 ($1.05) and gave the stock an “outperform” rating in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 77.56 ($1.02).
Premier Oil PLC (LON:PMO) traded up 1.17% on Friday, hitting GBX 64.75. 2,310,680 shares of the stock were exchanged. The company has a 50-day moving average price of GBX 61.78 and a 200 day moving average price of GBX 58.51. Premier Oil PLC has a 1-year low of GBX 42.75 and a 1-year high of GBX 99.50. The company’s market capitalization is GBX 330.74 million.
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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.
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