Petroleo Brasileiro SA – Petrobras (PBR) Trading 3.1% Higher
Petroleo Brasileiro SA – Petrobras (NYSE:PBR) was up 3.1% during trading on Monday . The stock traded as high as $9.40 and last traded at $9.39, with a volume of 10,700,269 shares trading hands. The stock had previously closed at $9.11.
Several equities research analysts have commented on PBR shares. Zacks Investment Research upgraded shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Wednesday, July 13th. Morgan Stanley reiterated an “equal weight” rating on shares of Petroleo Brasileiro SA – Petrobras in a research note on Monday, June 13th. Barclays PLC reissued an “equal weight” rating on shares of Petroleo Brasileiro SA – Petrobras in a research report on Tuesday, May 17th. Vetr downgraded shares of Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating and set a $7.64 target price for the company. in a research report on Monday, July 4th. Finally, JPMorgan Chase & Co. raised shares of Petroleo Brasileiro SA – Petrobras from an “underweight” rating to a “neutral” rating and increased their target price for the company from $5.80 to $7.40 in a research report on Tuesday, May 24th. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Petroleo Brasileiro SA – Petrobras currently has an average rating of “Hold” and a consensus target price of $7.01.
The stock’s market capitalization is $60.10 billion. The company’s 50-day moving average is $8.65 and its 200 day moving average is $6.73.
Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.
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