Petrofac Limited Stock Rating Upgraded by Barclays (PFC)
Petrofac Limited (LON:PFC) was upgraded by research analysts at Barclays to an “equal weight” rating in a report released on Wednesday. The firm currently has a GBX 1,500 ($25.23) price objective on the stock. Barclays’ target price would indicate a potential upside of 25.63% from the stock’s previous close.
A number of other analysts have also recently weighed in on PFC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Petrofac Limited in a research note on Monday. They now have a GBX 1,400 ($23.55) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Petrofac Limited in a research note on Friday, May 16th. They now have a GBX 1,225 ($20.61) price target on the stock. Finally, analysts at Canaccord Genuity upgraded shares of Petrofac Limited to a “buy” rating in a research note on Monday, May 12th. They now have a GBX 1,400 ($23.55) price target on the stock, down previously from GBX 1,500 ($25.23). Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 1,476.76 ($24.84).
Petrofac Limited (LON:PFC) opened at 1216.00 on Wednesday. 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 1374. and a 200-day moving average of GBX 1302.. The company’s market cap is £4.137 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.