Premier Oil PLC 49.5% Potential Decrease Indicated by Barclays Capital

Broker Ratings

Premier Oil PLC using EPIC/TICKER code (LON:PMO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today 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 22 GBX on its stock. This is indicating the analyst believes there is a potential downside of -49.5% from the opening price of 43.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 10.32 points and increased 15.61 points respectively. The 1 year high share 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 42.94 GBX and a 200 day moving average of 66.80. There are currently 922,028,631 shares in issue with the average daily volume traded being 16,112,655. Market capitalisation for LON:PMO is £381,627,644 GBP.

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