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Premier Oil PLC 94.3% Potential Upside Indicated by RBC Capital Markets

Premier Oil PLC using EPIC/TICKER code (LON:PMO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘TOP PICK’ this morning by analysts at RBC Capital Markets. Premier Oil PLC are listed in the Oil & Gas sector within UK Main Market. RBC Capital Markets have set a target price of 140 GBX on its stock. This would imply the analyst believes there is now a potential upside of 94.3% from the opening price of 72.05 GBX. Over the last 30 and 90 trading days the company share price has increased 7.05 points and decreased 56.85 points respectively. The 52 week high for the stock is 146.9 GBX while the 52 week low for the stock is 54.7 GBX.

Premier Oil PLC has a 50 day moving average of 78.13 GBX and a 200 Day Moving Average share price is recorded at 108.87. There are currently 817,069,925 shares in issue with the average daily volume traded being 14,311,878. Market capitalisation for LON:PMO is £584,204,996 GBP.