Petrofac Ltd Rating Reiterated by Deutsche Bank (PFC)
Petrofac Ltd (LON:PFC)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Monday, AnalystRatings.NET reports. They currently have a GBX 1,450 ($23.15) price objective on the stock. Deutsche Bank’s price target suggests a potential upside of 6.62% from the stock’s previous close.
Petrofac Ltd (LON:PFC) traded down 0.80% during mid-day trading on Monday, hitting GBX 1360.00. 366,259 shares of the company’s stock traded hands. 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 £4.638 billion.
A number of other firms have also recently commented on PFC. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Petrofac Ltd in a research note to investors on Monday, September 30th. They now have a GBX 1,800 ($28.74) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Petrofac Ltd in a research note to investors on Friday, September 20th. They now have a GBX 1,600 ($25.54) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Petrofac Ltd in a research note to investors on Friday, September 20th. They now have a GBX 2,215 ($35.36) price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,575.46 ($25.15).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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