Premier Oil PLC (PMO) Given Hold Rating at Jefferies Group
Jefferies Group reissued their hold rating on shares of Premier Oil PLC (LON:PMO) in a report issued on Thursday morning. They currently have a GBX 88 ($1.09) target price on the oil producer’s stock.
Several other brokerages also recently commented on PMO. Barclays PLC upgraded shares of Premier Oil PLC to an overweight rating and raised their price objective for the company from GBX 85 ($1.05) to GBX 95 ($1.18) in a research report on Thursday, June 9th. Deutsche Bank AG restated a buy rating and set a GBX 90 ($1.11) price objective on shares of Premier Oil PLC in a research report on Friday, August 19th. Beaufort Securities restated a speculative buy rating on shares of Premier Oil PLC in a research report on Friday, August 19th. Credit Suisse Group AG raised their target price on shares of Premier Oil PLC from GBX 65 ($0.80) to GBX 70 ($0.87) and gave the company an underperform rating in a research note on Friday, August 19th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 136 ($1.68) target price on shares of Premier Oil PLC in a research note on Thursday, August 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 99.69 ($1.23).
Premier Oil PLC (LON:PMO) opened at 74.50 on Thursday. The stock’s 50 day moving average is GBX 68.90 and its 200-day moving average is GBX 66.73. The stock’s market capitalization is GBX 380.55 million. Premier Oil PLC has a 52-week low of GBX 19.00 and a 52-week high of GBX 93.86.
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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