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Premier Oil PLC 17% Potential Decrease Indicated by Credit Suisse

Premier Oil PLC using EPIC/TICKER code (LON:PMO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ today by analysts at Credit Suisse. Premier Oil PLC are listed in the Oil & Gas sector within UK Main Market. Credit Suisse have set their target price at 60 GBX on its stock. This would imply the analyst believes there is a potential downside of -17.0% from the opening price of 72.25 GBX. Over the last 30 and 90 trading days the company share price has decreased 1.75 points and increased 10.25 points respectively. The 1 year high stock price is 99.5 GBX while the 52 week low is 42.75 GBX.

Premier Oil PLC has a 50 day moving average of 70.05 GBX and a 200 Day Moving Average share price is recorded at 62.46. There are currently 526,801,560 shares in issue with the average daily volume traded being 4,649,550. Market capitalisation for LON:PMO is £374,470,052 GBP.

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