Petroleo Brasileiro SA – Petrobras (NYSE:PBR) was down 1.3% during mid-day trading on Wednesday . The stock traded as low as $8.29 and last traded at $8.36, with a volume of 17,325,065 shares. The stock had previously closed at $8.47.

Several equities research analysts recently issued reports on PBR shares. Zacks Investment Research raised shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Wednesday, March 30th. Credit Suisse Group AG reaffirmed an “underperform” rating and set a $2.00 price target on shares of Petroleo Brasileiro SA – Petrobras in a research note on Thursday, March 31st. Deutsche Bank AG downgraded shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating in a research note on Thursday, March 24th. Vetr downgraded shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating and set a $7.87 price target on the stock. in a research note on Monday. Finally, Citigroup Inc. started coverage on shares of Petroleo Brasileiro SA – Petrobras in a research note on Tuesday, June 7th. They set a “reduce” rating on the stock. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Petroleo Brasileiro SA – Petrobras currently has a consensus rating of “Hold” and an average price target of $6.79.

The stock’s market capitalization is $54.49 billion. The stock’s 50-day moving average price is $7.09 and its 200-day moving average price is $5.61.

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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