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Premier Oil PLC 53% Potential Upside Indicated by Berenberg

Premier Oil PLC with EPIC/TICKER (LON:PMO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Berenberg. Premier Oil PLC are listed in the Oil & Gas sector within UK Main Market. Berenberg have set a target price of 120 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 53.0% from the opening price of 78.45 GBX. Over the last 30 and 90 trading days the company share price has increased 9.6 points and increased 4.7 points respectively. The 1 year high for the share price is 146.9 GBX while the 52 week low is 54.7 GBX.

Premier Oil PLC has a 50 day moving average of 75.26 GBX and a 200 Day Moving Average share price is recorded at 103.07. There are currently 817,074,684 shares in issue with the average daily volume traded being 7,879,138. Market capitalisation for LON:PMO is £627,104,819 GBP.