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Premier Oil PLC 51.4% Potential Upside Indicated by Barclays Capital

Premier Oil PLC with EPIC/TICKER (LON:PMO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ 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 165 GBX on its stock. This indicates the analyst now believes there is a potential upside of 51.4% from today’s opening price of 109 GBX. Over the last 30 and 90 trading days the company share price has decreased 15.8 points and decreased 11.7 points respectively. The 1 year high share price is 135.25 GBX while the 52 week low for the share price is 52 GBX.

Premier Oil PLC has a 50 day moving average of 123.71 GBX and the 200 Day Moving Average price is recorded at 95.36. There are currently 776,827,648 shares in issue with the average daily volume traded being 8,608,864. Market capitalisation for LON:PMO is £899,818,339 GBP.