Premier Oil PLC’s (PMO) “Buy” Rating Reiterated at Jefferies Group LLC

Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group LLC in a report released on Wednesday, October 4th. They currently have a GBX 90 ($1.20) price target on the oil producer’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 40.63% from the company’s previous close.

A number of other analysts have also weighed in on PMO. GMP Securities restated a “speculative buy” rating on shares of Premier Oil PLC in a research report on Friday, June 16th. Barclays PLC cut their target price on shares of Premier Oil PLC from GBX 70 ($0.93) to GBX 57 ($0.76) and set an “equal weight” rating on the stock in a research report on Thursday, June 22nd. Deutsche Bank AG dropped their price target on shares of Premier Oil PLC from GBX 75 ($1.00) to GBX 56 ($0.74) and set a “hold” rating for the company in a research note on Thursday, July 6th. Peel Hunt reaffirmed a “buy” rating and set a GBX 90 ($1.20) price target on shares of Premier Oil PLC in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada raised their price target on shares of Premier Oil PLC from GBX 75 ($1.00) to GBX 80 ($1.06) and gave the company an “outperform” rating in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Premier Oil PLC has a consensus rating of “Hold” and an average target price of GBX 77.56 ($1.03).

Premier Oil PLC (LON PMO) opened at 64.325 on Wednesday. The stock’s market cap is GBX 328.57 million. Premier Oil PLC has a one year low of GBX 42.75 and a one year high of GBX 99.50. The company has a 50-day moving average price of GBX 62.17 and a 200-day moving average price of GBX 58.50.

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Premier Oil PLC 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 PLC (LON:PMO)

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