Premier Oil PLC (PMO) Receives “Outperform” Rating from Royal Bank Of Canada
Royal Bank Of Canada restated their outperform rating on shares of Premier Oil PLC (LON:PMO) in a research report released on Wednesday. Royal Bank Of Canada currently has a GBX 125 ($1.55) price objective on the oil producer’s stock.
PMO has been the topic of a number of other reports. Deutsche Bank AG reiterated a buy rating and issued a GBX 90 ($1.11) target price on shares of Premier Oil PLC in a report on Friday, August 19th. Beaufort Securities reiterated a speculative buy rating on shares of Premier Oil PLC in a report on Friday, August 19th. Credit Suisse Group AG increased their target price on Premier Oil PLC from GBX 65 ($0.80) to GBX 70 ($0.87) and gave the stock an underperform rating in a report on Friday, August 19th. Jefferies Group boosted their target price on Premier Oil PLC from GBX 75 ($0.93) to GBX 88 ($1.09) and gave the company a hold rating in a research note on Monday, August 22nd. Finally, Liberum Capital reissued 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 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 stock currently has a consensus rating of Hold and a consensus price target of GBX 101.88 ($1.26).
Premier Oil PLC (LON:PMO) opened at 74.8195 on Wednesday. The company’s 50-day moving average is GBX 68.87 and its 200 day moving average is GBX 66.75. The company’s market cap is GBX 382.18 million. Premier Oil PLC has a 1-year low of GBX 19.00 and a 1-year high of GBX 93.86.
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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