Petroleo Brasileiro SA – Petrobras (PBR) Trading Up 3.4%
Petroleo Brasileiro SA – Petrobras (NYSE:PBR) was up 3.4% during trading on Tuesday . The company traded as high as $9.39 and last traded at $9.36, with a volume of 15,531,752 shares. The stock had previously closed at $9.05.
A number of equities research analysts have recently commented on PBR shares. Zacks Investment Research upgraded shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Monday, July 25th. Credit Suisse Group AG reissued a “sell” rating and issued a $2.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a research report on Monday, June 13th. Vetr cut shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating and set a $7.87 target price on the stock. in a research report on Monday, July 18th. Citigroup Inc. assumed coverage on shares of Petroleo Brasileiro SA – Petrobras in a research report on Tuesday, June 7th. They issued a “reduce” rating on the stock. Finally, Morgan Stanley raised shares of Petroleo Brasileiro SA – Petrobras from an “equal weight” rating to an “overweight” rating and set a $9.50 target price on the stock in a research report on Thursday, July 7th. Eight research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.41.
The stock’s market cap is $60.40 billion. The company has a 50-day moving average price of $8.37 and a 200-day moving average price of $6.50.
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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