Petrofac Limited Rating Reiterated by Deutsche Bank (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a report released on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,500 ($25.20) price target on the stock. Deutsche Bank’s target price points to a potential upside of 2.80% from the company’s current price.
Shares of Petrofac Limited (LON:PFC) traded up 1.05% during mid-day trading on Tuesday, hitting GBX 1459.15. 825,665 shares of the company’s stock traded hands. Petrofac Limited has a 1-year low of GBX 1080.00 and a 1-year 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.
PFC has been the subject of a number of other recent research reports. Analysts at Liberum Capital cut their price target on shares of Petrofac Limited from GBX 1,380 ($23.19) to GBX 1,280 ($21.51) in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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). One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 1,526.50 ($25.65).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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