Jefferies Group LLC reaffirmed their buy rating on shares of Premier Oil PLC (LON:PMO) in a report released on Wednesday. Jefferies Group LLC currently has a GBX 90 ($1.19) price target on the oil producer’s stock.

Several other analysts have also recently issued reports on PMO. GMP Securities reaffirmed a speculative buy rating on shares of Premier Oil PLC in a report on Friday, June 16th. Barclays PLC cut their price target on shares of Premier Oil PLC from GBX 70 ($0.93) to GBX 57 ($0.76) and set an equal weight rating on the stock in a report on Thursday, June 22nd. Deutsche Bank AG cut their price target on shares of Premier Oil PLC from GBX 75 ($0.99) to GBX 56 ($0.74) and set a hold rating on the stock in a report on Thursday, July 6th. Peel Hunt reaffirmed a buy rating and issued a GBX 90 ($1.19) price target on shares of Premier Oil PLC in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada increased their target price on shares of 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 given a hold rating and five have given a buy rating to the company. Premier Oil PLC currently has a consensus rating of Hold and a consensus price target of GBX 76.33 ($1.01).

Shares of Premier Oil PLC (LON PMO) traded up 1.52% on Wednesday, reaching GBX 67.00. 1,394,707 shares of the company’s stock traded hands. The company has a 50 day moving average of GBX 60.22 and a 200-day moving average of GBX 58.49. Premier Oil PLC has a 52 week low of GBX 42.75 and a 52 week high of GBX 99.50. The stock’s market capitalization is GBX 342.24 million.

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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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