Investec Reiterates Buy on Petrofac Ltd (PFC)
Petrofac Ltd (LON: PFC)‘s stock had its “buy” rating reiterated by investment analysts at Investec in a note issued to investors on Wednesday. They currently have a $32.19 (2000 GBX) target price on the stock.
Petrofac Ltd opened at 1652.73 on Wednesday. Petrofac Ltd has a 1-year low of GBX 1324.00 and a 1-year high of GBX 1784.00. The company’s market cap is £5.626 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Petrofac Ltd in a research note to investors on Wednesday, November 21st. They now have a $32.40 price target on the stock. Separately, analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Petrofac Ltd in a research note to investors on Thursday, October 25th. They now have a $34.64 price target on the stock. Finally, analysts at Liberum Capital Ltd downgraded shares of Petrofac Ltd to a “hold” rating in a research note to investors on Monday, October 22nd. They now have a $27.24 price target on the stock.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.