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.

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