Premier Oil PLC (LON:PMO)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a report released on Thursday. They presently have a GBX 88 ($1.15) target price on the oil producer’s stock. Jefferies Group’s price objective points to a potential upside of 14.29% from the stock’s current price.
Several other brokerages also recently commented on PMO. Barclays PLC raised shares of Premier Oil PLC to an “overweight” rating and lifted their target price for the stock from GBX 85 ($1.11) to GBX 95 ($1.24) in a research note on Thursday, June 9th. Deutsche Bank AG reissued a “buy” rating and set a GBX 90 ($1.17) price objective on shares of Premier Oil PLC in a research report on Friday, August 19th. Beaufort Securities reissued a “speculative buy” rating on shares of Premier Oil PLC in a research report on Friday, August 19th. Credit Suisse Group AG boosted their price objective on shares of Premier Oil PLC from GBX 65 ($0.85) to GBX 70 ($0.91) and gave the company an “underperform” rating in a research report on Friday, August 19th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 136 ($1.78) price objective on shares of Premier Oil PLC in a research report 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 issued a buy rating to the stock. Premier Oil PLC has an average rating of “Hold” and a consensus price target of GBX 99.69 ($1.30).
Shares of Premier Oil PLC (LON:PMO) traded up 3.70% during mid-day trading on Thursday, hitting GBX 77.00. 11,093,680 shares of the stock traded hands. The company’s market capitalization is GBX 393.32 million. The company’s 50-day moving average price is GBX 68.98 and its 200 day moving average price is GBX 65.98. Premier Oil PLC has a 1-year low of GBX 19.00 and a 1-year high of GBX 96.95.