Premier Oil PLC Rating Reiterated by Sanford C. Bernstein (PMO)

August 10:

Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a research report issued on Friday. They currently have a GBX 460 ($7.74) price target on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 46.61% from the stock’s previous close.

A number of other analysts have also recently weighed in on PMO. Analysts at Deutsche Bankreiterated a “buy” rating on shares of Premier Oil PLC in a research note on Friday. They now have a GBX 495 ($8.33) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Friday, August 1st. They now have a GBX 350 ($5.89) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Monday, July 28th. They now have a GBX 370 ($6.23) price target on the stock. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Premier Oil PLC presently has an average rating of “Buy” and a consensus target price of GBX 355.23 ($5.98).

Premier Oil PLC (LON:PMO) opened at 313.75 on Friday. Premier Oil PLC has a one year low of GBX 267.50 and a one year high of GBX 374.10. The stock has a 50-day moving average of GBX 327.8 and a 200-day moving average of GBX 318.2. The company’s market cap is £1.651 billion.

Premier Oil plc (LON:PMO) is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia and in the Middle East, Africa and Pakistan regions.

Source: tickerreport.com/banking-finance/273367/premier-oil-plc-rating-reiterated-by-sanford-c-bernstein-pmo/?