Petrofac Limited (PFC) Stock Rating Reaffirmed by Kepler Capital Markets
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reaffirmed by stock analysts at Kepler Capital Markets in a research note issued to investors on Monday. They currently have a GBX 700 ($9.12) target price on the stock. Kepler Capital Markets’ target price points to a potential upside of 49.73% from the stock’s previous close.
A number of other research analysts have also commented on PFC. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Petrofac Limited in a report on Wednesday, June 28th. Citigroup Inc. reissued a “neutral” rating and set a GBX 440 ($5.73) price target on shares of Petrofac Limited in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 1,020 ($13.28) price target on shares of Petrofac Limited in a report on Monday, April 10th. Morgan Stanley raised Petrofac Limited to an “equal weight” rating and raised their price target for the company from GBX 400 ($5.21) to GBX 475 ($6.19) in a report on Wednesday, June 28th. Finally, Canaccord Genuity lowered their price target on Petrofac Limited from GBX 950 ($12.37) to GBX 475 ($6.19) and set a “hold” rating on the stock in a report on Friday, May 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 687.22 ($8.95).
Shares of Petrofac Limited (LON:PFC) opened at 465.10 on Monday. The company has a 50 day moving average of GBX 447.62 and a 200 day moving average of GBX 697.66. The stock’s market capitalization is GBX 1.58 billion. Petrofac Limited has a 52-week low of GBX 345.20 and a 52-week high of GBX 978.50.
Petrofac Limited Company Profile
Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects.
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