Deutsche Bank Reiterates Hold Rating for Petrofac Ltd (PFC)
Petrofac Ltd (LON:PFC)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, Analyst Ratings.Net reports. They currently have a GBX 1,450 ($23.46) target price on the stock. Deutsche Bank’s price target points to a potential upside of 0.55% from the stock’s previous close.
A number of other firms have also recently commented on PFC. Analysts at Canaccord Genuity initiated coverage on shares of Petrofac Ltd in a research note to investors on Friday, October 25th. They set a “buy” rating and a GBX 1,600 ($25.89) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Petrofac Ltd in a research note to investors on Tuesday, October 15th. They now have a GBX 1,600 ($25.89) price target on the stock. Finally, 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 ($29.12) price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 1,634.96 ($26.45).
Shares of Petrofac Ltd (LON:PFC) traded down 2.44% on Monday, hitting GBX 1442.00. 580,462 shares of the company’s stock traded hands. Petrofac Ltd has a 52-week low of GBX 1159.05 and a 52-week high of GBX 1752.00. The stock’s 50-day moving average is GBX 1409. and its 200-day moving average is GBX 1337.. The company’s market cap is £4.917 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.