Petrofac Ltd Receives “Neutral” Rating from Natixis (PFC)
Petrofac Ltd (LON:PFC)‘s stock had its “neutral” rating restated by stock analysts at Natixis in a report issued on Wednesday, ARN reports. They currently have a GBX 1,300 ($21.32) target price on the stock. Natixis’ price objective would indicate a potential upside of 5.86% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of Petrofac Ltd to a “buy” rating in a research note to investors on Monday. They now have a GBX 1,500 ($24.60) price target on the stock, up previously from GBX 1,425 ($23.37). Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Petrofac Ltd in a research note to investors on Tuesday, December 17th. They now have a GBX 1,509 ($24.75) price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Petrofac Ltd currently has an average rating of “Buy” and a consensus price target of GBX 1,519.90 ($24.93).
Petrofac Ltd (LON:PFC) traded down 0.98% on Wednesday, hitting GBX 1216.00. The stock had a trading volume of 514,791 shares. Petrofac Ltd has a 52-week low of GBX 1080.00 and a 52-week high of GBX 1752.00. The stock has a 50-day moving average of GBX 1192. and a 200-day moving average of GBX 1307.. The company’s market cap is £4.147 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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