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Faroe Petroleum plc 17.7% Potential Upside Indicated by Barclays Capital

Faroe Petroleum plc using EPIC/TICKER code (LON:FPM) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Barclays Capital. Faroe Petroleum plc are listed in the Oil & Gas sector within AIM. Barclays Capital have set a target price of 185 GBX on its stock. This would imply the analyst believes there is now a potential upside of 17.7% from today’s opening price of 157.2 GBX. Over the last 30 and 90 trading days the company share price has increased 8.8 points and increased 5.4 points respectively. The 1 year high for the stock price is 177.2 GBX while the year low stock price is currently 88.75 GBX.

Faroe Petroleum plc has a 50 day moving average of 152.96 GBX and a 200 Day Moving Average share price is recorded at 142.87. There are currently 372,889,693 shares in issue with the average daily volume traded being 2,260,521. Market capitalisation for LON:FPM is £588,090,975 GBP.