Petrofac Ltd Rating Lowered to Sector Perform at RBC Capital (PFC)
Petrofac Ltd (LON: PFC) was downgraded by equities researchers at RBC Capital to a “sector perform” rating in a report issued on Thursday. They currently have a $24.26 (1600 GBX) target price on the stock.
Petrofac Ltd opened at 1454.3199 on Thursday. Petrofac Ltd has a 1-year low of GBX 1324.00 and a 1-year high of GBX 1784.00. The stock’s 50-day moving average is currently GBX 1579.. The company’s market cap is £4.951 billion.
A number of other analysts have also recently weighed in on PFC. Analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Petrofac Ltd in a research note to investors on Wednesday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petrofac Ltd in a research note to investors on Wednesday. They now have a $29.57 price target on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral/neutral” rating on shares of Petrofac Ltd in a research note to investors on Wednesday. They now have a $27.29 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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