Petrofac Limited Price Target Cut to GBX 1,280 by Analysts at Liberum Capital (PFC)
Equities research analysts at Liberum Capital decreased their target price on shares of Petrofac Limited (LON:PFC) from GBX 1,380 ($23.19) to GBX 1,280 ($21.51) in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The firm currently has a “hold” rating on the stock. Liberum Capital’s price objective would suggest a potential downside of 12.28% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Petrofac Limited in a research note on Friday. They now have a GBX 1,600 ($26.88) price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Petrofac Limited to a “neutral” rating in a research note on Thursday, April 17th. They now have a GBX 1,356 ($22.78) price target on the stock, down previously from GBX 1,450 ($24.36). Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Petrofac Limited in a research note on Monday, April 14th. They now have a GBX 1,261 ($21.19) price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Petrofac Limited has an average rating of “Buy” and a consensus price target of GBX 1,526.50 ($25.65).
Petrofac Limited (LON:PFC) traded up 1.05% during mid-day trading on Tuesday, hitting GBX 1459.15. The stock had a trading volume of 825,665 shares. Petrofac Limited has a 52 week low of GBX 1080.00 and a 52 week high of GBX 1525.00. The stock’s 50-day moving average is GBX 1405. and its 200-day moving average is GBX 1314.. The company’s market cap is £4.965 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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