Premier Oil PLC (PMO) Given New GBX 67 Price Target at Deutsche Bank AG

Premier Oil PLC (LON:PMO) had its target price boosted by analysts at Deutsche Bank AG from GBX 65 ($0.85) to GBX 67 ($0.88) in a research report issued on Friday. The firm currently has a “hold” rating on the oil producer’s stock. Deutsche Bank AG’s price target points to a potential upside of 4.69% from the stock’s current price.

PMO has been the topic of several other research reports. Jefferies Group LLC reissued a “buy” rating and issued a GBX 90 ($1.18) target price on shares of Premier Oil PLC in a research note on Wednesday, October 4th. Peel Hunt increased their target price on Premier Oil PLC from GBX 80 ($1.05) to GBX 100 ($1.31) and gave the company a “buy” rating in a research note on Monday, October 2nd. Credit Suisse Group reissued an “underperform” rating and issued a GBX 60 ($0.79) target price on shares of Premier Oil PLC in a research note on Tuesday, September 19th. Macquarie cut their target price on Premier Oil PLC 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, Royal Bank Of Canada increased their target price on Premier Oil PLC 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 77.56 ($1.02).

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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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