Goldman Sachs Group, Inc. (The) Increases Petrofac Limited (PFC) Price Target to GBX 566
Petrofac Limited (LON:PFC) had its price target increased by equities researchers at Goldman Sachs Group, Inc. (The) from GBX 559 ($7.22) to GBX 566 ($7.31) in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group, Inc. (The)’s price objective points to a potential upside of 27.91% from the stock’s previous close.
Several other research analysts have also commented on the company. Barclays PLC restated an “overweight” rating on shares of Petrofac Limited in a research report on Friday, May 26th. Deutsche Bank AG restated a “sell” rating and set a GBX 600 ($7.75) price target on shares of Petrofac Limited in a research report on Friday, May 26th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 570 ($7.36) price target on shares of Petrofac Limited in a research report on Tuesday, July 11th. Royal Bank Of Canada lowered Petrofac Limited to an “underperform” rating and lowered their price target for the stock from GBX 1,000 ($12.91) to GBX 400 ($5.17) in a research report on Friday, May 26th. Finally, Sanford C. Bernstein restated an “underperform” rating and set a GBX 370 ($4.78) price target on shares of Petrofac Limited in a research report on Thursday, July 6th. Three investment 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’s stock. Petrofac Limited currently has an average rating of “Hold” and a consensus target price of GBX 665.33 ($8.59).
Shares of Petrofac Limited (PFC) opened at 442.50 on Thursday. The company’s market capitalization is GBX 1.50 billion. Petrofac Limited has a 12 month low of GBX 345.20 and a 12 month high of GBX 978.50. The firm’s 50-day moving average price is GBX 438.30 and its 200-day moving average price is GBX 610.90.
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About Petrofac Limited
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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