Trade Report: Today, Premier Oil PLC’s (PMO) Outperform Rating Reiterated at Royal Bank Of Canada

Today, Premier Oil PLC’s (PMO) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Premier Oil PLC (LON:PMO) in a report released on Wednesday morning. They currently have a GBX 125 ($1.55) price objective on the oil producer’s stock.

A number of other research firms have also recently issued reports on PMO. Deutsche Bank AG restated a buy rating and set a GBX 90 ($1.11) price target on shares of Premier Oil PLC in a report on Friday, August 19th. Beaufort Securities restated a speculative buy rating on shares of Premier Oil PLC in a report on Friday, August 19th. Credit Suisse Group AG upped their price objective on shares of Premier Oil PLC from GBX 65 ($0.80) to GBX 70 ($0.87) and gave the company an underperform rating in a research report on Friday, August 19th. Jefferies Group upped their price objective on shares of Premier Oil PLC from GBX 75 ($0.93) to GBX 88 ($1.09) and gave the company a hold rating in a research report on Monday, August 22nd. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 136 ($1.68) 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 issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 101.88 ($1.26).

Premier Oil PLC (LON:PMO) opened at 72.625 on Wednesday. Premier Oil PLC has a 12 month low of GBX 19.00 and a 12 month high of GBX 93.86. The firm’s market capitalization is GBX 370.97 million. The stock’s 50 day moving average price is GBX 68.99 and its 200 day moving average price is GBX 66.89.

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