Petrofac Limited (PFC) Stock Rating Reaffirmed by J P Morgan Chase & Co
Petrofac Limited (LON:PFC)‘s stock had its “overweight” rating reaffirmed by equities research analysts at J P Morgan Chase & Co in a report released on Tuesday. They presently have a GBX 570 ($7.36) price objective on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 29.34% from the stock’s previous close.
A number of other brokerages also recently weighed in on PFC. Deutsche Bank AG reissued a “sell” rating and issued a GBX 600 ($7.75) price objective (down from GBX 775 ($10.01)) on shares of Petrofac Limited in a research note on Friday, May 19th. Kepler Capital Markets reissued a “buy” rating and issued a GBX 700 ($9.04) price objective on shares of Petrofac Limited in a research note on Monday, August 7th. Credit Suisse Group reissued a “neutral” rating and issued a GBX 500 ($6.46) price objective on shares of Petrofac Limited in a research note on Wednesday, August 9th. Sanford C. Bernstein reissued an “underperform” rating and issued a GBX 370 ($4.78) price objective on shares of Petrofac Limited in a research note on Thursday, July 6th. Finally, Societe Generale reaffirmed a “buy” rating and issued a GBX 530 ($6.84) target price on shares of Petrofac Limited in a report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 683.95 ($8.83).
Petrofac Limited (PFC) opened at 443.40 on Tuesday. The stock’s 50 day moving average price is GBX 438.48 and its 200 day moving average price is GBX 613.23. The stock’s market capitalization is GBX 1.51 billion. Petrofac Limited has a 1-year low of GBX 345.20 and a 1-year high of GBX 978.50.
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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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