Credit Suisse Group Reaffirms Underperform Rating for Premier Oil PLC (PMO)
Credit Suisse Group reiterated their underperform rating on shares of Premier Oil PLC (LON:PMO) in a research report sent to investors on Friday. The brokerage currently has a GBX 60 ($0.79) target price on the oil producer’s stock.
Several other equities analysts have also issued reports on the company. Jefferies Group LLC reaffirmed a buy rating and set a GBX 90 ($1.19) price objective on shares of Premier Oil PLC in a report on Tuesday, October 31st. Deutsche Bank AG raised their price objective on Premier Oil PLC from GBX 65 ($0.86) to GBX 67 ($0.88) and gave the stock a hold rating in a report on Friday, October 13th. Peel Hunt raised their price objective on Premier Oil PLC from GBX 80 ($1.06) to GBX 100 ($1.32) and gave the stock a buy rating in a report on Monday, October 2nd. Macquarie dropped their price objective on Premier Oil PLC from GBX 41 ($0.54) to GBX 40 ($0.53) and set an underperform rating on the stock in a report on Tuesday, August 29th. Finally, Royal Bank Of Canada raised their price objective on Premier Oil PLC from GBX 75 ($0.99) to GBX 80 ($1.06) and gave the stock an outperform rating in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 77.56 ($1.02).
Premier Oil PLC (LON:PMO) opened at GBX 75.40 ($0.99) on Friday.
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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.
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