Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a note issued to investors on Wednesday. They presently have a GBX 125 ($1.55) price target on the oil producer’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 67.79% from the company’s current price.
A number of other analysts have also weighed in on PMO. Beaufort Securities restated a “speculative buy” rating on shares of Premier Oil PLC in a report on Friday, August 19th. JPMorgan Chase & Co. upped their target price on Premier Oil PLC from GBX 61 ($0.75) to GBX 71 ($0.88) and gave the stock a “neutral” rating in a report on Wednesday, July 13th. Jefferies Group upped their target price on Premier Oil PLC from GBX 75 ($0.93) to GBX 88 ($1.09) and gave the stock a “hold” rating in a report on Monday, August 22nd. Liberum Capital upped their target price on Premier Oil PLC from GBX 77 ($0.95) to GBX 136 ($1.68) and gave the stock a “buy” rating in a report on Wednesday, June 29th. Finally, Citigroup Inc. restated a “neutral” rating on shares of Premier Oil PLC in a report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Premier Oil PLC currently has an average rating of “Hold” and a consensus target price of GBX 101.88 ($1.26).
Shares of Premier Oil PLC (LON:PMO) opened at 74.50 on Wednesday. Premier Oil PLC has a one year low of GBX 19.00 and a one year high of GBX 93.86. The company’s market cap is GBX 380.55 million. The company has a 50 day moving average price of GBX 68.90 and a 200 day moving average price of GBX 66.73.
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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