Premier Oil PLC (PMO) Rating Reiterated 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 currently have a GBX 88 ($1.15) price target on the oil producer’s stock. Jefferies Group’s target price would suggest a potential upside of 18.12% from the stock’s previous close.
Several other brokerages also recently weighed in on PMO. Barclays PLC raised shares of Premier Oil PLC to an “overweight” rating and lifted their target price 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) target price on shares of Premier Oil PLC in a report on Friday, August 19th. Beaufort Securities reaffirmed a “speculative buy” rating on shares of Premier Oil PLC in a report on Friday, August 19th. Credit Suisse Group AG lifted their target price 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 report on Friday, August 19th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 136 ($1.78) target price on shares of Premier Oil PLC in a report on Thursday, August 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 99.69 ($1.30).
Shares of Premier Oil PLC (LON:PMO) opened at 74.50 on Thursday. Premier Oil PLC has a 12-month low of GBX 19.00 and a 12-month high of GBX 96.95. The firm has a 50-day moving average of GBX 68.90 and a 200-day moving average of GBX 65.79. The firm’s market cap is GBX 380.55 million.
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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