Royal Bank Of Canada Initiates Coverage on Petrofac (POFCF)
Stock analysts at Royal Bank Of Canada began coverage on shares of Petrofac (OTCMKTS:POFCF) in a report issued on Tuesday, StockTargetPrices.com reports. The firm set a “sector perform” rating on the stock.
A number of other brokerages have also recently issued reports on POFCF. Credit Suisse Group AG assumed coverage on shares of Petrofac in a research report on Monday, September 19th. They set an “outperform” rating for the company. Goldman Sachs Group Inc. upgraded shares of Petrofac from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold”.
Petrofac (OTCMKTS:POFCF) opened at 11.90 on Tuesday. The firm’s market capitalization is $4.05 billion. The firm’s 50-day moving average is $11.01 and its 200-day moving average is $11.17. Petrofac has a 1-year low of $9.11 and a 1-year high of $14.25.
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