Petrofac Ltd Rating Reiterated by Nomura (PFC)
Petrofac Ltd (LON: PFC)‘s stock had its “buy” rating reiterated by investment analysts at Nomura in a note issued to investors on Tuesday. They currently have a $26.28 (1740 GBX) target price on the stock.
Petrofac Ltd (LON: PFC) traded up 0.59% on Tuesday, hitting GBX 1530.00. Petrofac Ltd has a 52-week low of GBX 1324.00 and a 52-week high of GBX 1784.00. The stock’s 50-day moving average is currently GBX 1579.. The company’s market cap is £5.209 billion.
A number of other firms have also recently commented on PFC. Analysts at JP Morgan Cazenove reiterated an “overweight” rating on shares of Petrofac Ltd in a research note to investors on Tuesday, March 12th. They now have a $33.08 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Petrofac Ltd from $29.31 to $27.44 in a research note to investors on Thursday, March 7th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Petrofac Ltd in a research note to investors on Thursday, February 28th. They now have a $28.43 price target on the stock, up previously from $28.16.
One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Petrofac Ltd currently has a consensus rating of “Hold” and a consensus price target of $28.48 (1885 GBX).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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