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Faroe Petroleum plc 5.5% Potential Upside Indicated by Barclays Capital

Faroe Petroleum plc using EPIC/TICKER code (LON:FPM) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Barclays Capital. Faroe Petroleum plc are listed in the Oil & Gas sector within AIM. Barclays Capital have set their target price at 145 GBX on its stock. This indicates the analyst now believes there is a potential upside of 5.5% from today’s opening price of 137.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 7.6 points and decreased 10.4 points respectively. The 1 year high for the stock price is 159.4 GBX while the year low share price is currently 82 GBX.

Faroe Petroleum plc has a 50 day moving average of 145.94 GBX and the 200 Day Moving Average price is recorded at 123.50. There are currently 366,642,976 shares in issue with the average daily volume traded being 731,573. Market capitalisation for LON:FPM is £510,921,511 GBP.