Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a research note issued on Wednesday. They presently have a GBX 125 ($1.55) price objective on the oil producer’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 70.65% from the company’s current price.
Several other analysts have also issued reports on the company. Jefferies Group restated a “hold” rating and issued a GBX 88 ($1.09) target price on shares of Premier Oil PLC in a research note on Thursday, October 6th. Deutsche Bank AG restated a “buy” rating on shares of Premier Oil PLC in a research note on Thursday, September 15th. Canaccord Genuity restated a “hold” rating and issued a GBX 85 ($1.05) target price on shares of Premier Oil PLC in a research note on Wednesday, August 31st. Liberum Capital lowered their target price on Premier Oil PLC from GBX 136 ($1.68) to GBX 130 ($1.61) and set a “buy” rating on the stock in a research note on Wednesday, August 24th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 100 ($1.24) price target on shares of Premier Oil PLC in a research report on Tuesday, August 23rd. Two investment 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. The company has an average rating of “Hold” and a consensus price target of GBX 101.88 ($1.26).
Shares of Premier Oil PLC (LON:PMO) opened at 73.25 on Wednesday. The company’s market capitalization is GBX 374.16 million. The company’s 50 day moving average price is GBX 68.85 and its 200 day moving average price is GBX 66.80. Premier Oil PLC has a 12 month low of GBX 19.00 and a 12 month 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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