Deutsche Bank AG Reiterates “Buy” Rating for Premier Oil PLC (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank AG in a note issued to investors on Monday.
A number of other research firms have also recently commented on PMO. Liberum Capital reiterated a “buy” rating and set a GBX 136 ($1.70) target price on shares of Premier Oil PLC in a research report on Friday, August 5th. Canaccord Genuity reissued a “hold” rating and set a GBX 85 ($1.06) price target on shares of Premier Oil PLC in a report on Wednesday, August 31st. Davy Research reissued a “neutral” rating on shares of Premier Oil PLC in a report on Thursday, November 17th. Barclays PLC reissued an “overweight” rating and set a GBX 100 ($1.25) price target on shares of Premier Oil PLC in a report on Tuesday, August 2nd. Finally, Numis Securities Ltd reissued an “under review” rating on shares of Premier Oil PLC in a report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Premier Oil PLC currently has an average rating of “Hold” and an average target price of GBX 96.06 ($1.20).
Premier Oil PLC (LON:PMO) opened at 56.50 on Monday. Premier Oil PLC has a 12-month low of GBX 19.00 and a 12-month high of GBX 82.00. The company has a 50-day moving average price of GBX 65.69 and a 200-day moving average price of GBX 68.30. The firm’s market cap is GBX 288.60 million.
Premier Oil PLC Company Profile
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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