Premier Oil PLC 38.8% Potential Upside Indicated by Berenberg

Broker Ratings
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Premier Oil PLC with EPIC/TICKER (LON:PMO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Premier Oil PLC are listed in the Oil & Gas sector within UK Main Market. Berenberg have set their target price at 130 GBX on its stock. This indicates the analyst now believes there is a potential upside of 38.8% from today’s opening price of 93.64 GBX. Over the last 30 and 90 trading days the company share price has decreased 8.11 points and increased 15.89 points respectively. The 52 week high for the stock is 146.9 GBX while the year low share price is currently 54.7 GBX.

Premier Oil PLC has a 50 day moving average of 95.59 GBX and the 200 Day Moving Average price is recorded at 96.64. There are currently 824,322,580 shares in issue with the average daily volume traded being 7,818,124. Market capitalisation for LON:PMO is £798,273,956 GBP.

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