Petroleo Brasileiro SA – Petrobras (NYSE:PBR)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $8.32 and last traded at $8.31, with a volume of 10,456,024 shares traded. The stock had previously closed at $8.13.

A number of equities analysts recently commented on PBR shares. Zacks Investment Research upgraded Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Wednesday, March 30th. Credit Suisse Group AG restated an “underperform” rating and issued a $2.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a research note on Thursday, March 31st. Deutsche Bank AG downgraded Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating in a research note on Thursday, March 24th. Morgan Stanley upgraded Petroleo Brasileiro SA – Petrobras from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $2.00 to $5.60 in a research note on Tuesday, March 22nd. Finally, Vetr downgraded Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating and set a $7.87 target price for the company. in a research note on Monday. Eight equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.79.

The company has a 50 day moving average of $6.94 and a 200 day moving average of $5.57. The stock’s market cap is $55.24 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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