Petroleo Brasileiro SA – Petrobras (NYSE:PBR) shares were up 3.1% on Monday . The company traded as high as $9.40 and last traded at $9.39, with a volume of 10,700,269 shares trading hands. The stock had previously closed at $9.11.

Several analysts have 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 on the stock in a research note on Monday, July 25th. Vetr cut shares of Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating and set a $7.64 price target on the stock. in a research note on Monday, July 11th. Morgan Stanley reiterated an “overweight” rating and issued a $10.00 price target on shares of Petroleo Brasileiro SA – Petrobras in a research note on Friday, August 12th. Credit Suisse Group AG upgraded shares of Petroleo Brasileiro SA – Petrobras from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $2.00 to $8.60 in a research note on Friday. Finally, Citigroup Inc. started coverage on shares of Petroleo Brasileiro SA – Petrobras in a research note on Tuesday, June 7th. They issued a “reduce” rating on the stock. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Petroleo Brasileiro SA – Petrobras currently has a consensus rating of “Hold” and a consensus target price of $7.01.

The stock’s market cap is $61.11 billion. The company’s 50-day moving average is $8.55 and its 200 day moving average is $6.58.

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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