Petrofac Limited (PFC) Receives GBX 589.13 Consensus Target Price from Analysts
Petrofac Limited (LON:PFC) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 589.13 ($7.77).
A number of brokerages recently issued reports on PFC. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 570 ($7.52) price target on shares of Petrofac Limited in a report on Tuesday, July 11th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a GBX 370 ($4.88) price target on shares of Petrofac Limited in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 565 ($7.46) price target on shares of Petrofac Limited in a report on Thursday, July 13th. Barclays PLC reaffirmed an “overweight” rating on shares of Petrofac Limited in a report on Thursday, August 31st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 500 ($6.60) price target on shares of Petrofac Limited in a report on Thursday, August 31st.
Petrofac Limited (LON PFC) traded up GBX 19.20 ($0.25) during mid-day trading on Friday, hitting GBX 441.30 ($5.82). 2,860,583 shares of the company were exchanged.
The business also recently declared a dividend, which was paid on Friday, October 20th. Investors of record on Thursday, September 21st were issued a dividend of $0.13 per share. This represents a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, September 21st.
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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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