Petroleo Brasileiro SA – Petrobras (PBR) Sets New 52-Week High at $9.56
Petroleo Brasileiro SA – Petrobras (NYSE:PBR)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $9.56 and last traded at $9.40, with a volume of 11,555,841 shares. The stock had previously closed at $9.37.
PBR has been the topic of a number of recent research reports. Zacks Investment Research upgraded Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Monday, July 25th. Vetr downgraded Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating and set a $7.64 target price on the stock. in a report on Monday, July 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a report on Friday, August 12th. Credit Suisse Group AG raised Petroleo Brasileiro SA – Petrobras from an “underperform” rating to a “neutral” rating and raised their target price for the company from $2.00 to $8.60 in a report on Friday, August 26th. Finally, Citigroup Inc. started coverage on Petroleo Brasileiro SA – Petrobras in a report 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 issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $7.01.
The company’s market cap is $59.61 billion. The company has a 50-day moving average of $8.68 and a 200 day moving average of $6.75.
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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