RBC Capital Markets Initiates Coverage on Petrofac Ltd (POFCY)
Investment analysts at RBC Capital Markets assumed coverage on shares of Petrofac Ltd (NASDAQ:POFCY) in a report released on Tuesday, The Fly reports. The brokerage set a “sector perform” rating on the stock.
A number of other equities research analysts also recently weighed in on POFCY. Zacks Investment Research upgraded Petrofac from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Goldman Sachs Group Inc. upgraded Petrofac from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 28th.
Shares of Petrofac (NASDAQ:POFCY) opened at 5.602 on Tuesday. The stock’s 50 day moving average price is $5.52 and its 200 day moving average price is $5.56. Petrofac has a one year low of $4.45 and a one year high of $7.25. The firm’s market capitalization is $3.81 billion.
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