Petrofac Limited Rating Reiterated by Numis Securities Ltd (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “hold” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Friday, AnalystRatingsNetwork reports. They currently have a GBX 1,225 ($20.63) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 3.81% from the stock’s previous close.
A number of other analysts have also recently weighed in on PFC. Analysts at Canaccord Genuity upgraded shares of Petrofac Limited to a “buy” rating in a research note on Monday. They now have a GBX 1,400 ($23.58) price target on the stock, down previously from GBX 1,500 ($25.27). Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Petrofac Limited in a research note on Monday. They now have a GBX 1,600 ($26.95) price target on the stock. Finally, analysts at Investec cut their price target on shares of Petrofac Limited from GBX 1,475 ($24.84) to GBX 1,315 ($22.15) in a research note on Monday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Petrofac Limited currently has a consensus rating of “Buy” and a consensus target price of GBX 1,488.90 ($25.08).
Petrofac Limited (LON:PFC) traded up 0.08% on Friday, hitting GBX 1181.00. The stock had a trading volume of 529,609 shares. Petrofac Limited has a 1-year low of GBX 1080.00 and a 1-year high of GBX 1525.00. The stock has a 50-day moving average of GBX 1394. and a 200-day moving average of GBX 1309.. The company’s market cap is £4.018 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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