Investec Reiterates “Buy” Rating for Petrofac Limited (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reaffirmed by investment analysts at Investec in a note issued to investors on Wednesday, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petrofac Limited in a research note on Wednesday. They now have a GBX 1,500 ($24.95) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Petrofac Limited in a research note on Wednesday. They now have a GBX 1,560 ($25.94) price target on the stock. Finally, analysts at Barclays reiterated an “underweight” rating on shares of Petrofac Limited in a research note on Tuesday. They now have a GBX 1,655 ($27.52) price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 1,552.53 ($25.82).
Petrofac Limited (LON:PFC) opened at 1343.00 on Wednesday. Petrofac Limited has a one year low of GBX 1080.00 and a one year high of GBX 1607.00. The stock’s 50-day moving average is GBX 1246.68 and its 200-day moving average is GBX 1302.43. The company’s market cap is £4.580 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.