Petroleo Brasileiro SA – Petrobras (NYSE:PBR)’s share price rose 3.1% on Thursday . The company traded as high as $7.58 and last traded at $7.22, with a volume of 25,728,485 shares. The stock had previously closed at $7.00.

PBR has been the subject of a number of analyst reports. Barclays PLC restated an “equal weight” rating and issued a $6.50 price target on shares of Petroleo Brasileiro SA – Petrobras in a report on Wednesday, March 23rd. Simmons cut their target price on Petroleo Brasileiro SA – Petrobras to $2.00 in a research report on Friday, March 25th. Bank of America Corp. reaffirmed a “neutral” rating and issued a $7.35 target price (down from $7.50) on shares of Petroleo Brasileiro SA – Petrobras in a research report on Friday, May 13th. Citigroup Inc. started coverage on Petroleo Brasileiro SA – Petrobras in a research report on Tuesday, June 7th. They issued a “reduce” rating on the stock. Finally, Credit Suisse Group AG reaffirmed a “sell” rating and issued a $2.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a research report on Tuesday, March 22nd. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Petroleo Brasileiro SA – Petrobras has an average rating of “Hold” and a consensus target price of $6.03.

The company has a 50-day moving average price of $6.51 and a 200 day moving average price of $5.34. The company’s market capitalization is $46.44 billion.

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.

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