Petrofac Limited PT Lowered to GBX 1,315 (PFC)
Analysts at Investec decreased their target price on shares of Petrofac Limited (LON:PFC) from GBX 1,475 ($24.84) to GBX 1,315 ($22.15) in a research report issued to clients and investors on Monday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Investec’s target price would suggest a potential upside of 10.78% from the stock’s previous close.
A number of other firms have also recently commented on PFC. Analysts at Credit Suisse downgraded shares of Petrofac Limited to a “neutral” rating in a research note on Monday, May 12th. They now have a GBX 1,500 ($25.27) price target on the stock, down previously from GBX 1,600 ($26.95). Separately, analysts at Citigroup Inc. cut their price target on shares of Petrofac Limited from GBX 1,525 ($25.69) to GBX 1,475 ($24.84) in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral/cautious” rating on shares of Petrofac Limited in a research note on Friday, May 9th. They now have a GBX 1,296 ($21.83) price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 1,488.90 ($25.08).
Shares of Petrofac Limited (LON:PFC) opened at 1187.00 on Monday. 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 1387.31 and its 200-day moving average is GBX 1308.. The company’s market cap is £4.039 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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