Petrofac Ltd Upgraded to Buy at Nomura (PFC)
Petrofac Ltd (LON:PFC) was upgraded by research analysts at Nomura to a “buy” rating in a report released on Friday, Stock Ratings News reports. The firm currently has a GBX 1,430 ($23.57) price objective on the stock, up from their previous price objective of GBX 1,300 ($21.42). Nomura’s target price indicates a potential upside of 14.31% from the stock’s previous close.
A number of other analysts have also recently weighed in on PFC. Analysts at Natixis reiterated a “neutral” rating on shares of Petrofac Ltd in a research note to investors on Wednesday, January 8th. They now have a GBX 1,300 ($21.42) price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of Petrofac Ltd to a “buy” rating in a research note to investors on Monday, January 6th. They now have a GBX 1,500 ($24.72) price target on the stock, up previously from GBX 1,425 ($23.48). Finally, 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 ($24.87) price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 1,526.40 ($25.15).
Shares of Petrofac Ltd (LON:PFC) opened at 1268.00 on Friday. Petrofac Ltd has a one year low of GBX 1080.00 and a one year high of GBX 1752.00. The stock’s 50-day moving average is GBX 1201. and its 200-day moving average is GBX 1307.. The company’s market cap is £4.324 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.