Premier Oil PLC 13.5% Potential Decrease Indicated by Berenberg Bank

Broker Ratings

Premier Oil PLC using EPIC/TICKER code (LON:PMO) had its stock rating noted as ‘Reiteration’ with the recommendation being set at ‘HOLD’ today by analysts at Berenberg Bank. Premier Oil PLC are listed in the Oil & Gas sector within UK Main Market. Berenberg Bank have set their target price at 20 GBX on its stock. This would indicate that the analyst believes there is a downside of -13.5% from the opening price of 23.12 GBX. Over the last 30 and 90 trading days the company share price has decreased 14.23 points and decreased 8.28 points respectively. The 1 year high for the stock price is 120.7 GBX while the 52 week low for the share price is 10.02 GBX.

Premier Oil PLC has a 50 day moving average of 43.00 GBX and a 200 Day Moving Average share price is recorded at 60.73. There are currently 922,032,676 shares in issue with the average daily volume traded being 13,181,504. Market capitalisation for LON:PMO is £221,301,665 GBP.

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