Premier Oil PLC (LON:PMO)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays PLC in a research report issued to clients and investors on Tuesday. They currently have a GBX 100 ($1.25) price target on the oil producer’s stock. Barclays PLC’s target price suggests a potential upside of 86.92% from the stock’s current price.
A number of other research firms have also commented on PMO. Citigroup Inc. reissued a “neutral” rating on shares of Premier Oil PLC in a report on Wednesday, July 13th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 136 ($1.70) price objective on shares of Premier Oil PLC in a report on Friday, August 5th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 85 ($1.06) price objective on shares of Premier Oil PLC in a report on Wednesday, August 31st. Deutsche Bank AG reaffirmed a “buy” rating on shares of Premier Oil PLC in a report on Thursday, September 15th. Finally, Numis Securities Ltd reaffirmed an “under review” rating on shares of Premier Oil PLC in a report on Monday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 99.13 ($1.24).
Shares of Premier Oil PLC (LON:PMO) traded down 1.83% during trading on Tuesday, reaching GBX 53.50. The company’s stock had a trading volume of 3,870,911 shares. 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 of GBX 64.25 and a 200 day moving average of GBX 68.07. The company’s market cap is GBX 273.28 million.