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Premier Oil PLC 26.1% Potential Upside Indicated by Barclays Capital

Premier Oil PLC using EPIC/TICKER code (LON:PMO) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Barclays Capital. Premier Oil PLC are listed in the Oil & Gas sector within UK Main Market. 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 26.1% from today’s opening price of 115 GBX. Over the last 30 and 90 trading days the company share price has increased 34.2 points and increased 42.15 points respectively. The 1 year high share price is 118.5 GBX while the year low stock price is currently 42.75 GBX.

Premier Oil PLC has a 50 day moving average of 84.23 GBX and the 200 Day Moving Average price is recorded at 75.66. There are currently 756,214,057 shares in issue with the average daily volume traded being 12,822,081. Market capitalisation for LON:PMO is £896,113,658 GBP.