Petrofac Limited (PFC) Earns Buy Rating from Liberum Capital
A number of other equities analysts have also recently issued reports on PFC. Royal Bank Of Canada reiterated a sector performer rating and issued a GBX 1,050 ($12.80) price target on shares of Petrofac Limited in a research note on Tuesday, October 11th. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 1,100 ($13.41) price target on shares of Petrofac Limited in a research note on Friday, October 7th. Canaccord Genuity reiterated a hold rating and issued a GBX 850 ($10.36) price target on shares of Petrofac Limited in a research note on Monday, October 3rd. Goldman Sachs Group Inc. upgraded shares of Petrofac Limited to a buy rating and upped their price target for the stock from GBX 912 ($11.12) to GBX 1,066 ($12.99) in a research note on Wednesday, September 28th. Finally, Jefferies Group cut shares of Petrofac Limited to a hold rating and dropped their price target for the stock from GBX 835 ($10.18) to GBX 800 ($9.75) in a research note on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Petrofac Limited presently has an average rating of Buy and an average price target of GBX 984 ($11.99).
Petrofac Limited (LON:PFC) opened at 927.00 on Thursday. Petrofac Limited has a 12 month low of GBX 635.00 and a 12 month high of GBX 1,016.09. The company’s market cap is GBX 3.15 billion. The firm’s 50-day moving average is GBX 863.40 and its 200-day moving average is GBX 820.24.
The firm also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 22nd will be paid 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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