Petrofac Ltd Rating Reiterated by Deutsche Bank (PFC)
Petrofac Ltd (LON: PFC)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Thursday. They currently have a $24.26 (1600 GBX) target price on the stock.
Petrofac Ltd traded down 2.87% on Thursday, hitting GBX 1454.00. Petrofac Ltd has a 52-week low of GBX 1324.00 and a 52-week high of GBX 1784.00. The stock’s 50-day moving average is currently GBX 1579.. The company’s market cap is £4.950 billion.
A number of other firms have also recently commented on PFC. Analysts at Citigroup reiterated a “neutral” rating on shares of Petrofac Ltd in a research note to investors on Thursday. They now have a $25.02 price target on the stock. Separately, analysts at Barclays Capital cut their price target on shares of Petrofac Ltd from $28.81 to $27.29 in a research note to investors on Thursday. They now have an “underweight” rating on the stock. Finally, analysts at RBC Capital downgraded shares of Petrofac Ltd to a “sector perform” rating in a research note to investors on Thursday. They now have a $24.26 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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