Premier Oil PLC (PMO) Given “Outperform” Rating at Royal Bank Of Canada
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating restated by Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They currently have a GBX 125 ($1.55) price objective on the oil producer’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 67.79% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Liberum Capital reaffirmed a “buy” rating and set a GBX 136 ($1.68) price target on shares of Premier Oil PLC in a research report on Friday, August 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 90 ($1.11) price target on shares of Premier Oil PLC in a research report on Wednesday, July 13th. Canaccord Genuity upped their price target on Premier Oil PLC from GBX 70 ($0.87) to GBX 80 ($0.99) and gave the company a “hold” rating in a research report on Wednesday, July 13th. Finally, Jefferies Group upped their price target on Premier Oil PLC from GBX 33 ($0.41) to GBX 75 ($0.93) and gave the company a “hold” rating in a research report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Premier Oil PLC presently has a consensus rating of “Hold” and an average price target of GBX 101.88 ($1.26).
Premier Oil PLC (LON:PMO) opened at 74.50 on Wednesday. Premier Oil PLC has a 52-week low of GBX 19.00 and a 52-week high of GBX 93.86. The firm has a 50-day moving average price of GBX 68.90 and a 200-day moving average price of GBX 66.73. The company’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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