Premier Oil plc (PMO) Given Buy Rating at Peel Hunt

Premier Oil plc (LON:PMO)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a report issued on Thursday. They currently have a GBX 100 ($1.32) price target on the oil producer’s stock. Peel Hunt’s target price would indicate a potential upside of 43.04% from the company’s previous close.

Other analysts also recently issued reports about the stock. Credit Suisse Group restated an “underperform” rating and set a GBX 60 ($0.79) price objective on shares of Premier Oil plc in a research report on Tuesday, September 19th. Jefferies Group LLC restated a “hold” rating and set a GBX 68 ($0.89) price objective on shares of Premier Oil plc in a research report on Wednesday, August 23rd. Royal Bank Of Canada raised their price objective on shares of Premier Oil plc from GBX 75 ($0.99) to GBX 80 ($1.05) and gave the company an “outperform” rating in a research report on Tuesday, August 22nd. Deutsche Bank AG restated a “hold” rating and set a GBX 67 ($0.88) price objective on shares of Premier Oil plc in a research report on Tuesday, November 7th. Finally, Macquarie decreased their price objective on shares of Premier Oil plc from GBX 41 ($0.54) to GBX 40 ($0.53) and set an “underperform” rating on the stock in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 77.56 ($1.02).

Premier Oil plc (LON:PMO) opened at GBX 69.91 ($0.92) on Thursday. Premier Oil plc has a one year low of GBX 42.75 ($0.56) and a one year high of GBX 99.50 ($1.31).

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About Premier Oil plc

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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