Deutsche Bank AG Raises Premier Oil plc (PMO) Price Target to GBX 70

Premier Oil plc (LON:PMO) had its price objective boosted by Deutsche Bank AG from GBX 67 ($0.88) to GBX 70 ($0.92) in a report issued on Friday, Marketbeat Ratings reports. Deutsche Bank AG currently has a hold rating on the oil producer’s stock.

A number of other equities analysts have also commented on PMO. Peel Hunt lowered their price target on shares of Premier Oil plc from GBX 90 ($1.18) to GBX 80 ($1.05) and set a buy rating on the stock in a research report on Thursday, July 20th. Barclays PLC reaffirmed an equal weight rating and set a GBX 72 ($0.95) price target on shares of Premier Oil plc in a research report on Friday, July 21st. Royal Bank Of Canada raised their price target on shares of Premier Oil plc from GBX 75 ($0.99) to GBX 80 ($1.05) and gave the stock an outperform rating in a research report on Tuesday, August 22nd. Jefferies Group LLC reaffirmed a hold rating and set a GBX 68 ($0.89) price target on shares of Premier Oil plc in a research report on Wednesday, August 23rd. Finally, Macquarie lowered their price target 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, four have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 77.89 ($1.02).

Premier Oil plc (LON PMO) opened at GBX 71.42 ($0.94) on Friday. Premier Oil plc has a 1 year low of GBX 42.75 ($0.56) and a 1 year high of GBX 99.50 ($1.31).

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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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