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.

ILLEGAL ACTIVITY NOTICE: “Goldman Sachs Group, Inc. (The) Increases Petrofac Limited (PFC) Price Target to GBX 566” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/09/15/goldman-sachs-group-inc-the-increases-petrofac-limited-pfc-price-target-to-gbx-566.html.

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.

Analyst Recommendations for Petrofac Limited (LON:PFC)

Receive News & Ratings for Petrofac Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac Limited and related companies with MarketBeat.com's FREE daily email newsletter.