Shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) were up 3.1% during trading on Thursday . The stock traded as high as $7.58 and last traded at $7.22, with a volume of 25,728,485 shares trading hands. The stock had previously closed at $7.00.

A number of analysts have issued reports on the stock. Barclays PLC reiterated 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 reduced their price target on shares of Petroleo Brasileiro SA – Petrobras to $2.00 in a report on Friday, March 25th. Bank of America Corp. reiterated a “neutral” rating and issued a $7.35 price target (down from $7.50) on shares of Petroleo Brasileiro SA – Petrobras in a report on Friday, May 13th. Citigroup Inc. assumed coverage on shares of Petroleo Brasileiro SA – Petrobras in a report on Tuesday, June 7th. They issued a “reduce” rating on the stock. Finally, Credit Suisse Group AG reiterated a “sell” rating and issued a $2.00 price target on shares of Petroleo Brasileiro SA – Petrobras in a report on Tuesday, March 22nd. Six analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Petroleo Brasileiro SA – Petrobras presently has an average rating of “Hold” and an average target price of $6.35.

The company has a 50-day moving average price of $6.56 and a 200-day moving average price of $5.38. The stock’s market capitalization is $48.72 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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