Petrofac Ltd Rating Reiterated by Credit Suisse (PFC)
Petrofac Ltd (LON:PFC)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse in a report released on Monday, StockRatingsNetwork reports. They currently have a GBX 1,800 ($29.04) target price on the stock. Credit Suisse’s price target points to a potential upside of 27.66% from the stock’s previous close.
Shares of Petrofac Ltd (LON:PFC) opened at 1402.00 on Monday. Petrofac Ltd has a 52-week low of GBX 1159.053 and a 52-week high of GBX 1752.00. The stock has a 50-day moving average of GBX 1335. and a 200-day moving average of GBX 1348.. The company’s market cap is £4.781 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Petrofac Ltd (LON:PFC) in a research note to investors on Monday. They now have a GBX 1,450 ($23.39) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Petrofac Ltd (LON:PFC) in a research note to investors on Friday, September 20th. They now have a GBX 1,600 ($25.81) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Petrofac Ltd (LON:PFC) in a research note to investors on Friday, September 20th. They now have a GBX 2,215 ($35.74) price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Petrofac Ltd presently has a consensus rating of “Buy” and a consensus price target of GBX 1,575.46 ($25.42).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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