Petrofac Limited (LON:PFC) Receives GBX 941.28 Consensus Target Price from Brokerages
Petrofac Limited (LON:PFC) has been given an average rating of “Hold” by the twenty-one research firms that are presently covering the company. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 941.28 ($12.29).
PFC has been the subject of several recent research reports. Jefferies Group downgraded Petrofac Limited to a “hold” rating and reduced their price target for the company from GBX 835 ($10.90) to GBX 800 ($10.44) in a research note on Thursday, September 15th. Societe Generale restated a “buy” rating and issued a GBX 921 ($12.02) price target on shares of Petrofac Limited in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reduced their price target on Petrofac Limited from GBX 944 ($12.32) to GBX 913 ($11.92) and set an “overweight” rating for the company in a research note on Thursday, June 16th. Morgan Stanley boosted their price target on Petrofac Limited from GBX 700 ($9.14) to GBX 785 ($10.25) and gave the company an “underweight” rating in a research note on Wednesday, August 31st. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 830 ($10.83) price target on shares of Petrofac Limited in a research note on Wednesday, June 22nd.
Shares of Petrofac Limited (LON:PFC) opened at 898.00 on Wednesday. The company’s market cap is GBX 3.05 billion. The stock’s 50 day moving average price is GBX 843.51 and its 200 day moving average price is GBX 819.75. Petrofac Limited has a one year low of GBX 635.00 and a one year high of GBX 1,016.09.
The company also recently announced a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 22nd will be issued a GBX 0.22 ($0.00) dividend. The ex-dividend date is Thursday, September 22nd. This represents a yield of 2.06%.
About Petrofac Limited
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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