Premier Oil PLC (LON:PMO) Receives GBX 100.23 Average Target Price from Brokerages
Shares of Premier Oil PLC (LON:PMO) have been given a consensus recommendation of “Hold” by the twenty brokerages that are covering the stock. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 100.23 ($1.31).
Several equities analysts have recently commented on the stock. Barclays PLC upgraded shares of Premier Oil PLC to an “overweight” rating and boosted their price target for the company from GBX 85 ($1.11) to GBX 95 ($1.24) in a report on Thursday, June 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 90 ($1.17) price objective on shares of Premier Oil PLC in a research note on Friday, August 19th. Beaufort Securities reaffirmed a “speculative buy” rating on shares of Premier Oil PLC in a research note on Friday, August 19th. Credit Suisse Group AG lifted 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 note on Friday, August 19th. Finally, Jefferies Group lifted their price objective on shares of Premier Oil PLC from GBX 75 ($0.98) to GBX 88 ($1.15) and gave the company a “hold” rating in a research note on Monday, August 22nd.
Premier Oil PLC (LON:PMO) opened at 67.50 on Friday. The company has a 50-day moving average price of GBX 68.88 and a 200-day moving average price of GBX 65.00. The firm’s market capitalization is GBX 344.79 million. Premier Oil PLC has a 1-year low of GBX 19.00 and a 1-year high of GBX 96.95.
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 & Stock 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 stocks with our FREE daily email newsletter.