Numis Securities Ltd reiterated their buy rating on shares of Petrofac Limited (LON:PFC) in a research report released on Tuesday. They currently have a GBX 600 ($7.75) price target on the stock.

Several other research analysts have also recently weighed in on the company. Barclays PLC reiterated an overweight rating on shares of Petrofac Limited in a research report on Friday, May 26th. Deutsche Bank AG reissued a sell rating and issued a GBX 600 ($7.75) price objective on shares of Petrofac Limited in a report on Friday, May 26th. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 570 ($7.36) price objective on shares of Petrofac Limited in a report on Tuesday, July 11th. Royal Bank Of Canada lowered Petrofac Limited to an underperform rating and dropped their price objective for the company from GBX 1,000 ($12.91) to GBX 400 ($5.17) in a report on Friday, May 26th. Finally, Sanford C. Bernstein reissued an underperform rating and issued a GBX 370 ($4.78) price objective on shares of Petrofac Limited in a report on Thursday, July 6th. 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’s stock. Petrofac Limited presently has a consensus rating of Hold and an average price target of GBX 683.95 ($8.83).

Petrofac Limited (LON:PFC) opened at 445.90 on Tuesday. The company’s market capitalization is GBX 1.52 billion. Petrofac Limited has a 52 week low of GBX 345.20 and a 52 week high of GBX 978.50. The company’s 50 day moving average price is GBX 438.73 and its 200-day moving average price is GBX 612.08.

COPYRIGHT VIOLATION WARNING: “Numis Securities Ltd Reaffirms “Buy” Rating for Petrofac Limited (PFC)” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.dailypolitical.com/2017/09/15/numis-securities-ltd-reaffirms-buy-rating-for-petrofac-limited-pfc.html.

The company also recently disclosed a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a dividend yield of 2.43%.

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.

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.