Faroe Petroleum plc 3% Potential Upside Indicated by Barclays Capital

Broker Ratings
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Faroe Petroleum plc using EPIC/TICKER code (LON:FPM) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Barclays Capital. Faroe Petroleum plc are listed in the Oil & Gas sector within AIM. Barclays Capital have set their target price at 165 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 3.0% from today’s opening price of 160.2 GBX. Over the last 30 and 90 trading days the company share price has increased 7.2 points and increased 5.4 points respectively. The 1 year high for the stock price is 177.2 GBX while the year low stock price is currently 91.1 GBX.

Faroe Petroleum plc has a 50 day moving average of 149.97 GBX and the 200 Day Moving Average price is recorded at 148.07. There are currently 55,206,957 shares in issue with the average daily volume traded being 9,835,135. Market capitalisation for LON:FPM is £596,623,360 GBP.

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