Premier Oil’s (LON:PMO) Hold Rating Reiterated at Deutsche Bank AG

Premier Oil plc (LON:PMO)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a research report issued on Tuesday, November 7th, MarketBeat reports. They presently have a GBX 67 ($0.88) price objective on the oil producer’s stock. Deutsche Bank AG’s price target suggests a potential downside of 4.29% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada lifted their price target on shares of Premier Oil from GBX 75 ($0.99) to GBX 80 ($1.05) and gave the company an “outperform” rating in a research note on Tuesday, August 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 68 ($0.89) target price on shares of Premier Oil in a research note on Wednesday, August 23rd. Peel Hunt lifted their target price on shares of Premier Oil from GBX 80 ($1.05) to GBX 100 ($1.32) and gave the stock a “buy” rating in a research note on Monday, October 2nd. Macquarie lowered their target price on shares of Premier Oil from GBX 41 ($0.54) to GBX 40 ($0.53) and set an “underperform” rating on the stock in a research note on Tuesday, August 29th. Finally, Barclays PLC lifted their target price on shares of Premier Oil from GBX 57 ($0.75) to GBX 72 ($0.95) and gave the stock an “equal weight” rating in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 77.67 ($1.02).

Premier Oil (PMO) remained flat at $GBX 70 ($0.92) during trading hours on Tuesday. 1,460,000 shares of the stock traded hands, compared to its average volume of 4,530,000. Premier Oil has a 12-month low of GBX 42.75 ($0.56) and a 12-month high of GBX 99.50 ($1.31).

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Premier Oil Company Profile

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.

Analyst Recommendations for Premier Oil (LON:PMO)

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